Vinted posts its first profit, and proves the mass model can pay
Vinted reported its first annual net profit, 17.8 million euros, on revenue of 596.3 million euros in 2023, a 61 percent jump from the year before, with adjusted EBITDA of 76.6 million euros, according to the company’s annual report and coverage in Sifted and the BBC. It was the first time a major consumer-to-consumer secondhand platform showed the model could clear profit at scale.
The contrast with the luxury consignors was stark. While The RealReal and Vestiaire spent years grinding toward breakeven under the weight of handling inventory, Vinted’s asset-light, no-seller-fee approach reached profit first. Different models, very different timelines to money.