Vinted’s revenues top €1BN but profits slide

2026-04-09 · Source: Tech.eu - Tech.eu · Field: Business & Management — Corporate Strategy & Leadership, E-commerce & Digital Commerce, Entrepreneurship & Start-ups · Depth: Intermediate, quick

Summary

Vinted, the second-hand marketplace unicorn, reported revenues surpassing €1.1 billion in 2025, a 38% increase, while its Gross Merchandise Value (GMV) surged 47% to €10.8 billion. Despite this significant top-line growth, profits for the Vinted Group, which includes Vinted Go and Vinted Pay, declined 19% to €62 million due to substantial investments. These investments focused on expanding into the German market, broadening marketplace categories, extending Vinted Go's carrier services to Portugal and Spain, and introducing the Vinted Pay wallet. The company, which first reported a profit in 2024, benefited from rising inflation driving demand for second-hand products and expanded into new markets like Latvia, Estonia, and Slovenia, now operating in 26 countries. CEO Thomas Plantenga emphasized building a cost-efficient, reliable C2C ecosystem through technology investments in product, safety, member support, shipping, and payments.

Key takeaway

Vinted's 2025 revenues surged 38% to €1.1 billion, with Gross Merchandise Value (GMV) up 47% to €10.8 billion, demonstrating robust top-line growth in the second-hand marketplace. However, profits slid 19% to €62 million due to strategic investments in market expansion (e.g., Germany, Latvia, Estonia, Slovenia), new categories, and infrastructure like Vinted Go and Vinted Pay. This signals a growth-over-profit strategy focused on long-term ecosystem development and market share, crucial for investors and competitors assessing sustainable growth in the e-commerce sector.

Topics

• Second-hand Marketplace
• Vinted Group Financials
• Gross Merchandise Value
• Strategic Investments
• Market Expansion

Best for: Entrepreneur, Executive, Investor, Tech Journalist

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Editorial summary, takeaway, and curation by AIssential. Original article published by Tech.eu - Tech.eu.