Update on Vinted performance: 2022 financial accounts show continued revenue growth in 2022 across Vinted Group
Vinted, the largest online international C2C marketplace in Europe dedicated to second-hand fashion, has published the consolidated financial results of Vinted Limited Group, showing strong revenue growth in 2022 and decreasing losses.
Vinted Limited Group's revenue in 2022 increased 51% to €370,2 million compared with 2021 (€245,1 million). Losses before tax were €47,1 million, a decrease of 60% vs 2021 (€118,2 million). This performance was due to a combination of factors, including continued market expansion and product improvements, and changes to marketing investments.
Vinted Limited Group ended the year with 1,502 employees, growing more than a third (37%) year-on-year. Its marketplace was present in 18 countries across Europe and North America.
During 2022, Vinted launched a shipping business, Vinted Go, and acquired Rebelle marketplace. It also expanded its overall offering further into Eastern and Northern Europe, with the launch of the Vinted marketplace in Sweden, Hungary and Slovakia.
For more information on the financial results of Vinted, UAB Group, see here. Vinted, UAB Group includes Vinted’s European marketplace entities and Vinted Go businesses, as well as the Rebelle marketplace business which was acquired by Vinted, UAB in 2022.