ATRenew Outperforms Expectations: Q2 Results and Q3 Outlook

Tuesday, 20 August 2024, 08:07

ATRenew beats top-line estimates with Q2 revenue of $519.7M, showing a remarkable increase of 27.2% year-over-year. The Non-GAAP EPS stands at $0.07, aligning with expectations. Looking forward, ATRenew has initiated its outlook for Q3, promising continuation of positive growth.
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ATRenew Outperforms Expectations: Q2 Results and Q3 Outlook

ATRenew's Outstanding Q2 Performance

ATRenew has reported a non-GAAP EPS of $0.07 for Q2, which is in-line with market expectations. The company achieved revenue of $519.7 million, reflecting a significant rise of 27.2% year-over-year.

Positive Trajectory Ahead

In a forward-looking statement, ATRenew has initiated its Q3 outlook, highlighting a potentially strong continuation of its performance.

  • Revenue beats estimates by $5.63 million
  • Consumer products transacted reached 8.4 million

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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