Vinted, the online marketplace has reported a 61% increase in revenue year on year, which amounted to €596.3 million. The company's adjusted EBITDA for 2023 stood at €76.6 million, alongside a net profit of €17.8 million. The company said the growth was driven by its expansion into new markets in the year including Denmark, Finland and Romania.
Further innovating its service offerings, Vinted introduced Vinted Go, a shipping service, alongside a payment verification service aimed at enhancing user trust and security.