February 28, 2025 - 15:22
NEW YORK, February 28, 2025 -- 1stdibs.com, Inc. (NASDAQ: DIBS), a prominent online marketplace specializing in luxury design products, has released its financial results for the fourth quarter and the full year ended December 31, 2024.
The company reported a strong performance, with significant growth in revenue compared to the previous year. This increase is attributed to a rise in both the number of transactions and the average order value, reflecting the growing demand for high-end design items in the marketplace.
In addition to revenue growth, 1stDibs highlighted improvements in gross margins, indicating better operational efficiency and cost management. The company also noted an increase in active buyers, showcasing its expanding customer base and enhanced brand recognition in the luxury segment.
Looking ahead, 1stDibs expressed optimism about future growth, emphasizing its commitment to enhancing the user experience and expanding its product offerings. The management team remains focused on strategic initiatives aimed at sustaining momentum in the competitive online luxury market.
