Vinted delivers strong, profitable growth, while investing in Vinted Go and Vinted Pay

  • Revenue increased 36% in 2024 vs 2023, with net profit increasing 330% year-on-year
  • Continued to invest into marketplace expansion of categories and geographies 
  • Continued investment in Vinted Go shipping services and geographic expansion 
  • Launched an investment arm, Vinted Ventures 

 

Vinted Group (“Vinted”), which includes the European C2C second-hand marketplace Vinted, logistics business Vinted Go, and payments business Vinted Pay, today announced its 2024 financial results. During the year Vinted delivered strong growth and increased profitability, with continued reinvestment into the business supporting its mission to make second-hand the first choice worldwide.

In 2024, Vinted Group delivered consolidated revenue of €813.4 million, a 36% increase (2023: €596.3 million). The Group significantly strengthened its financial position, reporting a net profit of €76.7 million, up 330% (2023: €17.8 million in 2023). Adjusted EBITDA was €158.9 million, (2023: €76.6 million).

Vinted marketplace: launching new categories and geographies

Vinted deepened the penetration of its marketplace in existing markets, as well as launching into Croatia, Greece and Ireland.

 

It experienced strong growth across its existing categories, including newer categories like luxury fashion. Responding to members’ interest in buying and selling second-hand goods beyond fashion, it launched an electronics category. The category enables people to easily make money from their unwanted electronics, including speakers, headphones, fitness trackers, laptops. Vinted will continue to expand its marketplace into more categories and countries in 2025. 

Vinted Go expansion and growth continues 

Vinted Go continued successfully scaling its logistics operations to offer low-cost, convenient shipping to Vinted members via locker and pick-up-drop-off networks. Building on extensive networks in France and the Benelux region, this year Vinted Go is expanding into Spain and Portugal. 

 

Further investment into Vinted Pay

Meanwhile, Vinted continued investing into Vinted Pay, which launched its first services in Lithuania. Vinted Pay’s aim is to make transactions on Vinted easier, driving down cost and further strengthening the Vinted ecosystem.

 

Investing into re-commerce

This month Vinted launches a dedicated investment arm, Vinted Ventures. Vinted Ventures is focused on investing in the next generation of founders and startups in the re-commerce value chain. 

 

This investment extends Vinted’s role in building Europe’s second-hand economy, alongside supporting ambitious founders and innovation across the value chain. 

 

Thomas Plantenga, CEO of Vinted Group said: “This performance is the result of our hard work to deliver products that bring high value for members at the lowest possible cost. We do this by having a relentless focus on cost control, building complex infrastructure ourselves, and innovating to bring new services and solutions at scale. It's this mix of scale, innovation, cost control that helps us succeed. 

 

At Vinted, we aim to build an ecosystem of businesses that can change the way society consumes. Given the potential size of the market, we know there’s a huge opportunity ahead and lots of work to be done to get there. We see our current position as a solid foundation to build this future on, and we’ll continue to learn and improve. We are at the start of the journey and aiming high."

 

Maurizio D’Arrigo, CFO of Vinted, said: “These results not only reflect Vinted’s wide adoption across Europe, but also our substantial contribution to the second-hand economy. This, along with securing our secondary share sale and €5BN valuation, demonstrates our robust financial position to be able to continue to scale and reinvest into the business, fuelling further growth.”

 

Secured Successful Secondary Investment

In October 2024, Vinted secured a secondary share sale valuing the company at €5 billion. The transaction gave all equity holders, including employees, an opportunity to realise some reward for their contributions to Vinted’s success, whilst bringing on new investors who are excited to participate in Vinted’s future.

Looking ahead

In 2025, Vinted will continue expanding geographically and investing into new categories, while strengthening the services that help members transact more easily and confidently at low cost.

These priorities will be supported by Vinted’s growing team. In 2024, the average number of employees across Vinted Group rose by 19%, reaching over 2,200 employees by the end of the year across Vinted’s entities, with the majority based at its headquarters in Vilnius, Lithuania.