1STDIBS.COM INC. DL-,01 Aktie

1stDibs said at the Midwest IDEAS Conference that growth is returning: in Q2 GMV rose 7% to $96m, revenue was $23m and adjusted EBITDA was $1.3m. The company thus recorded four consecutive quarters of adjusted EBITDA breakeven and emphasized staying profitable. Rather than high marketing spend, 1stDibs is focusing on product improvements, seller quality and AI to scale; management views the weak housing market as a cyclical headwind but expects further upside, particularly in jewelry and international markets. » More on de.investing.com

1stDibs reported Q2 GMV of $96 million, up 7%, and net revenue of $23.3 million, up 5%, both above the high end of guidance, with adjusted EBITDA margin of ~6%. Management said conversion improved for the 11th consecutive quarter, AOV rose 10%, sessions stabilized, and they launched image search and other AI-driven product enhancements across discovery, pricing/trust, shipping and service. Q3 guidance calls for GMV of $89m–$94m, revenue of $22m–$22.9m and adjusted EBITDA margin of -1% to 2%, while the company now expects full-year GMV growth and positive adjusted EBITDA. Free cash flow for 2026 is likely to be negative due to an accounting reclassification of payment processor cash to receivables, though underlying cash generation remains stronger than previously expected. » More on finance.yahoo.com

The board of 1stdibs.com approved a share buyback program of up to $10 million, roughly 6.7% of a $149.5 million market capitalization. The program allows repurchases by various methods (open market, 10b5-1 plans, block trades, derivatives, etc.) and has no fixed end date; timing, price and volume will depend on market conditions and legal requirements. The stock last traded at $4.11 (down 31% year-to-date) and the company reports more cash than debt, which is expected to support the buybacks. Q1 results came in slightly below expectations (EPS -$0.06 vs. -$0.05 estimate; revenue $22.4 million vs. $22.79 million expected). » More on de.investing.com