Vinted reports 38% jump in revenue but profits dip

Second-hand marketplace Vinted has today reported a 38% jump in annual revenues to €1.1 billion (£957 million) for 2025, with a "strong" performance in women's and children's clothing.

The platform reported growth across its core fashion category and said that it had expanded into more consumer goods categories, including sports and collectibles, which brought more members to the marketplace.

This increase in members has translated into a 47% increase in gross merchandise value traded on the platform to €10.8 billion (£9.4 billion).

The company also, however, reported a 19% drop in profits to €62 million (£54 million) year-on-year, which it says is due to heavy investments into growing the German market, as well as expanding into new categories and services. Its annual adjusted EBITDA was €151 million (£131.4 million), down 5% year-on-year.

Vinted said it increased the pace of investments in 2025 to lay the foundation for long-term value creation and efficiency, focusing on expanding its vertically integrated shipping solutions and payment infrastructure.

The company's investments focused specifically on the expansion of its 'Vinted Go' carrier services to Portugal and Spain and the introduction of its Vinted Pay wallet, which over time it expects to reduce payment-related costs and dependencies.

Over 2025, the platform also expanded into the Latvian, Estonian and Slovenian markets as part of its European expansion plans.

Thomas Plantenga, CEO of Vinted, said: “To make second-hand first choice, we know what we need to do: we need to be the most cost-efficient, be the most reliable and easy to use. Therefore we need to build an ecosystem for C2C second-hand trade, that maximises value to members at the lowest possible cost. We do this by investing in technology to have long-term scalable impact. That’s why you see us improving our product, investing in safety and member support, while strengthening the rails that power the marketplace: shipping and payments.

“When we do this well, sellers sell their items quicker, buyers find what they want more easily and at the best price, all while delivery and payment happen seamlessly and reliably. When this happens, the value compounds as the marketplace gets meaningfully better with each additional member. In 2025 this happened across every growth vector we have, which resulted in strong growth and, more importantly, a more efficient and stronger foundation that will drive the future consumption shift from new to second-hand.”

In January, the company announced further expansion into the US market, which it had originally entered in 2013 with a limited scope, following its success in the European market.

Just last month, it was reported that the asset manager BlackRock would be one of the new investors to take part in a secondary share transaction for Vinted, in a deal that values the company at €8 billion (£7 billion).