Vinted profit triples, driven by second-hand boom and Europe-wide growth
Second-hand marketplace Vinted has reported a sharp rise in revenue and profits for 2024,
Second-hand marketplace Vinted has a reported sharp rise in revenue and profits for 2024, fuelled by growing consumer appetite for affordable pre-owned goods and ongoing expansion across Europe.
The Lithuanian-based business posted a net profit of €76.7m, up from €17.8m the previous year, as sales climbed 36% to €813.4m. Adjusted EBITDA also more than doubled to €158.9m.
Chief executive Thomas Plantenga 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.”
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Over the past year, the company broadened its category reach last year with the launch of second-hand electronics, allowing users to trade items such as headphones, laptops and fitness trackers — part of a wider ambition to become a one-stop platform for pre-owned goods.
The group also revealed marketplace Vinted successfully “deepened the penetration of its marketplace in existing markets”, as well as launching into Croatia, Greece and Ireland — bringing its total footprint to 22 countries.
Alongside marketplace growth, the group continued to scale its logistics arm, Vinted Go. Building on its network in France and the Benelux region, the service expanded into Spain and Portugal in 2024, offering users low-cost, locker-based and pick-up/drop-off shipping options.
To improve transaction ease and security, Vinted Pay — the platform’s integrated payment solution — launched its first services in Lithuania last year. The company said this forms part of its broader ambition to strengthen its end-to-end ecosystem for buyers and sellers.
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