Vinted reports a 330% increase in its net profit

The Vinted Group reported consolidated revenue of €813.4 million, an increase of 36% (2023: €596.3 million). The Group significantly strengthened its financial position, reporting net profit of €76.7 million, up 330% (compared to €17.8 million in 2023). Adjusted EBITDA was €158.9 million (2023: €76.6 million).

Thomas Plantenga, CEO of Vinted Group, said: “This performance results from our hard work to deliver products that bring high value to our members at the lowest possible cost. We achieve this by constantly focusing on cost control, building complex infrastructure, and innovating to deliver new services and solutions at scale. This combination of scale, innovation, and cost control drives us to success.”

In addition, in October 2024, Vinted closed a secondary share sale, valuing the company at €5 billion. The transaction provided all shareholders, including employees, with a reward for their contribution to Vinted's success while attracting new investors excited to participate in Vinted's future.

Vinted Marketplace: Launch of New Categories and Geographies

Vinted deepened its market penetration in existing markets and launched in Croatia, Greece, and Ireland. In addition, it has experienced substantial growth in its existing categories, including newer categories such as luxury fashion. In response to its members' interest in buying and selling second-hand items beyond fashion, it launched an electronics category. 

This category allows users to easily generate income from unwanted electronic devices like speakers, headphones, fitness trackers, and laptops. Vinted will continue to expand its marketplace to more categories and countries in 2025.

Meanwhile, Vinted Go continued successfully expanding its logistics operations to offer affordable and convenient shipping to its members through drop-off and pickup networks. With an extensive network in France and the Benelux, Vinted Go is expanding to Spain and Portugal this year.

More investments in Vinted Pay

Meanwhile, Vinted continued to invest in Vinted Pay, which launched its first services in Lithuania. Vinted Pay aims to simplify transactions on Vinted, reduce costs, and further strengthen its ecosystem.

Investing in re-commerce

This month, Vinted is launching Vinted Ventures, a dedicated investment division. With this division, the company will focus on investing in the next generation of founders and startups in the e-commerce value chain.

This investment expands Vinted's role in building Europe's second-hand economy, supporting ambitious founders, and fostering innovation across the value chain.

Maurizio D'Arrigo, Vinted's Chief Financial Officer, said: “These results reflect Vinted's widespread adoption in Europe and our significant contribution to the secondhand economy. This, together with the sale of our secondary shares and a valuation of €5 billion, demonstrates our strong financial position to continue growing and reinvesting in the business, driving further growth.”

In 2025, Vinted aims to expand geographically and invest in new categories, while strengthening services that help members transact more easily and confidently at low cost.

Vinted's growing team will support these priorities. In 2024, the average number of employees across the Vinted Group increased by 19%, reaching more than 2,200 employees across all Vinted entities at the end of the year, with the majority working at its headquarters in Vilnius, Lithuania.