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1stdibs.com (DIBS)
NASDAQ:DIBS
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.17Last Year’s EPS
-$0.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -16.32%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call showed a mix of progress and challenges. There was growth in active buyers, conversion improvements, and successful strategic initiatives like the machine learning-based pricing model. However, these were offset by GMV declines, margin compression, and elevated seller churn due to strategic shifts. The company is focused on operational improvements and cost reductions to position itself well for a future market recovery, but current market conditions remain challenging.Company Guidance
During the Q3 2024 earnings call for 1stdibs.Com, the company provided a detailed guidance on their financial performance and strategic initiatives. The company reported that GMV was $84.6 million, down 5% year-over-year, due to lower-than-anticipated Average Order Value (AOV) which was approximately $2,500, down 11%. However, order growth increased to 7%, indicating a positive trend. Revenue for the quarter was $21.2 million, marking a 3% year-over-year growth, with adjusted EBITDA margins coming in towards the low end of the guidance range. They forecasted Q4 GMV between $86 million and $93 million, and net revenue of $21.4 million to $22.7 million, with an adjusted EBITDA margin loss of 17% to 13%. The company is focused on improving conversion rates, which have increased double digits year-over-year for both new and returning buyers, and on reducing operating expenses to position the business for sustainable growth. They also mentioned discontinuing the auctions feature and retiring the Essential Seller program, which will lead to elevated seller churn in Q4 but is expected to stabilize in the first half of 2025.Sequential Active Buyer Growth
Achieved sequential active buyer growth for the second consecutive quarter, despite challenging market conditions.
Conversion Rate Improvements
Conversion rates increased year-over-year for four straight quarters, with double-digit improvements for both new and returning buyers.
Record Number of A/B Tests
The company ran a record number of A/B tests during the quarter, with focus on increasing conversion rates and achieving notable wins.
Launch of Machine Learning-Based Pricing Model
Introduced the first machine learning-based pricing model for furniture, aimed at maximizing conversion.
Second Consecutive Quarter of Revenue Growth
Net revenue was $21.2 million, up 3%, marking the second consecutive quarter of year-over-year growth.
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DIBS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DIBS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $4.35 | $4.02 | -7.59% |
| Aug 06, 2024 | $4.07 | $3.93 | -3.44% |
| May 08, 2024 | $5.69 | $5.88 | +3.34% |
| Feb 28, 2024 | $5.02 | $4.99 | -0.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does 1stdibs.com (DIBS) report earnings?
1stdibs.com (DIBS) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is 1stdibs.com (DIBS) earnings time?
1stdibs.com (DIBS) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DIBS EPS forecast?
DIBS EPS forecast for the fiscal quarter 2024 (Q4) is -$0.17.
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