ATRenew reports mixed Q3 earnings; initiates Q4 revenue guidance

Nov. 22, 2022 3:40 AM ETATRenew Inc. (RERE)By: Meghavi Singh, SA News Editor1 Comment
  • ATRenew press release (NYSE:RERE): Q3 Non-GAAP EPS of $0.06 beats by $0.04.
  • Revenue of $356.5M (+29.2% Y/Y) misses by $16.72M.
  • Total Gross Merchandise Volume increased by 14.5% to RMB9.5 billion from RMB8.3 billion in the third quarter of 2021.
  • Number of consumer products transacted increased by 5.1% to 8.3 million from 7.9 million in the third quarter of 2021.
  • For the fourth quarter of 2022, the company currently expects its total revenues to be between RMB2,930.0 million and RMB3,030.0 million.

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