American marketplace Poshmark’s Q4 revenue grows by 22% to US $ 84.2 million

American fashion marketplace Poshmark has, reportedly, posted record revenues and gross merchandise value (GMV) in Q4.

The US resale platform saw its Q4 net revenue grow year-on-year (Y-o-Y) by an astounding 22 per cent to clock US $ 84.2 million. The Q4, a year ago, saw the retailer attain US $ 69.2 million.

The GMV for the quarter that ended 31 December 2021 rose by 27 per cent to US $ 490.8 million.

Poshmark’s adjusted loss before interest, taxes, depreciation, and amortization went down from US $ 4.8 million to US $ 4.7 million in the quarter, whereas the net loss per share narrowed from US $ 0.25 to US $ 0.19.

For the whole year, the marketplace’s net revenue rose Y-o-Y by 25 per cent to US $ 326 million, whereas the GMV surged by 27 per cent Y-o-Y to US $ 1.8 billion.

Moving forward, the marketplace said it hopes the Q1 revenues to be somewhere between US $ 86 million and US $ 88 million.