Vinted's profits soar thanks to 'scale, innovation and cost control'

Second-hand fashion marketplace Vinted has reported soaring profits in 2024, with group revenue up by 36% to €813.4 million (£696.2 million). This follows strategic investment across logistics, payments and re-commerce innovation. 

Vinted has today reported net profits were up by 330% to €76.7 million (£65.7 million) and adjusted EBITDA nearly doubled to €158.9 million (£136 million).

Growth came on multiple fronts, including geographic expansion and a new electronics category that allows users to buy and sell second-hand tech. The company’s logistics arm, Vinted Go, scaled further across the continent. Although it has yet to enter the UK.

Vinted also closed a major secondary share sale in October 2024, valuing the business at €5 billion (£4.3 billion). The deal allowed everyone who owned shares in Vinted, including employees, to cash in on some of their success, while also bringing in new investors to support Vinted’s future growth.

Maurizio D’Arrigo, CFO of Vinted, said: "These results not only reflect Vinted’s wide adoption across Europe, but also our substantial contribution to the second-hand economy. This, along with securing our secondary share sale and €5 billion valuation, demonstrates our robust financial position to be able to continue to scale and reinvest into the business, fuelling further growth."

Moving forward, the company continues its mission to reshape how fashion is bought and sold. This month, it launched a dedicated investment arm, Vinted Ventures, which focuses on investing in the next generation of re-commerce startups.

The company said it will continue "expanding geographically and investing into new categories". In particular, it is focusing on expanding its luxury division. So far in 2025, Vinted launched a second-hand luxury fashion concept, ‘House of Vinted’, online following its 'by invitation only' pop-up at The Adria Hotel in London - its first ‘in real life’ event.

It recently teamed up with model, presenter and ex-fashion designer Alexa Chung, who will sell an array of her designer goods exclusively on Vinted from 4 May 2025. The collection features tops, bags, sunglasses and shoes from the likes of Prada, JW Anderson, Saint Laurent, Gucci and more.

Thomas Plantenga, CEO of Vinted, concluded: "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."