Fourth Quarter 2024 Financial Highlights
- Revenue in the fourth quarter of 2024 was $103.7 million, compared to $91.5 million in the fourth quarter of 2023, an increase of 13.3% year over year.
- Marketplace revenue in the fourth quarter of 2024 was $73.5 million, compared to $76.6 million in the fourth quarter of 2023, representing a decline of 4.0% year over year.
- Annual active buyers1 as of December 31, 2024 was 3.6 million, compared to 4.0 million as of December 31, 2023, a decline of 10% year over year.
- Annual spend per buyer1 as of December 31, 2024 reached $302, compared to $278 as of December 31, 2023, an increase of 9% year over year.
- Marketplace take rate1 for the period ended December 31, 2024 was 27.6%, up from 27.4% for the period ended December 31, 2023, an increase of 20 basis points year over year.