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(Sharecast News) - Vinted reported strong revenue growth for 2025 on Thursday, as demand for second-hand goods continued to rise, although profits declined amid increased investment in expansion and infrastructure.
The privately-held Lithuania-based group generated revenue of 1.1bn (956m), up 38% year-on-year, while gross merchandise value rose 47% to 10.8bn, reflecting higher activity across its platform.
Core fashion remained a key driver, particularly in women's and childrenswear, while expansion into categories such as sports equipment, collectables, electronics and homeware broadened its offering and attracted more users.
Despite the topline growth, net profit fell 19% to 62m, while adjusted EBITDA declined 5% to 151m.
The company attributed the drop in earnings to continued investment in its German operations, category expansion and the rollout of new services, as it prioritised long-term growth over short-term profitability.
Vinted said it continued to expand geographically during the year, launching in Latvia, Estonia and Slovenia, while also strengthening its logistics and payments infrastructure.
Its in-house delivery arm, Vinted Go, expanded into Spain and Portugal and now operates across five markets, supported by a network of more than 500,000 pick-up and drop-off points.
The business also introduced Vinted Pay, its own wallet solution, which was expected to reduce payment-related costs over time.
The platform, one of Europe's largest consumer-to-consumer resale marketplaces, had benefited from a broader shift towards second-hand shopping, driven by cost-conscious consumers and sustainability trends.
It generates revenue through buyer protection fees on transactions, typically ranging from around 3% to 8% of an item's price, as well as optional paid features for sellers.
Chief executive Thomas Plantenga said the company remained focused on building a scalable ecosystem for second-hand trade, adding that investment in technology, logistics and payments was aimed at making the platform more efficient, reliable and easier to use, while supporting a longer-term shift in consumer behaviour away from new goods.
Reporting by Josh White for Sharecast.com.