Vinted, a marketplace for second-hand clothing, reported extremely high profits in 2024, with total revenue rising 36 per cent to US $ 924.45 million. This comes after making smart investments in payments, logistics, and re-commerce innovation.
According to Vinted, adjusted EBITDA nearly doubled to US $ 180.59 million, while net profits increased by 330 per cent to US $ 87.17 million.
Geographical expansion and a new electronics category that enables customers to purchase and sell used technology were two of the growth avenues. Vinted Go, the company’s logistics division, expanded throughout the continent, even though it hasn’t arrived in the UK yet.
According to Vinted’s CFO, Maurizio D’Arrigo, these figures demonstrate the company’s widespread adoption throughout Europe as well as its significant impact on the second-hand sector. This shows Vinted’s strong financial position to be able to scale and reinvest in the business, fostering additional growth, coupled with securing our secondary share sale and US $ 5.68 billion valuation.
The company’s goal is to change the way that fashion is purchased and sold going ahead. Vinted Ventures, a specialised investment arm that focuses on funding the upcoming generation of re-commerce firms, was introduced last month.
The business declared that it would keep investing in new markets and growing regionally. It is concentrating especially on growing its luxury business. Following its inaugural “in real life” event, a “by invitation only” pop-up at London’s The Adria Hotel, Vinted has so far in 2025 established an online concept for second-hand luxury fashion called “House of Vinted.”
