Vinted posted ‘strong growth’ figures as it announced its 2024 financial results, with revenues growing +36% compared to 2023, with increased demand for second-hand goods, category extension and international expansion driving performance.

It also posted a surge in profits, with net profit across the Vinted Group, which includes its second-hand marketplace, logistics business Vinted Go, and payments arm Vinted Pay, increasing +330% year-on-year to €76.7million.

“This performance is the result of our hard work to deliver products that bring high value for members at the lowest possible cost,” Vinted Group’s CEO, Thomas Plantenga, said.  “We do this by having a relentless focus on cost control, building complex infrastructure ourselves and innovating to bring new services and solutions at scale.”

With its marketplace platform growing in existing locales last year, Vinted launched new geographies, including Croatia, Greece and Ireland. As well as international expansion, Vinted saw growth across its existing categories, while newer categories, including luxury fashion, also took off. In response to growing demand for re-commerce beyond fashion, it also launched its electronics category in 2024, allowing consumers to sell and buy pre-loved electricals, including speakers, headphones, fitness trackers and laptops.

Meanwhile, its logistics business, Vinted Go, also scaled its operations, offering low-cost, convenient shipping to its members via locker and pick-up-drop-off networks. Earlier this month, it also confirmed it had inked a deal with InPost, giving sellers on the platform access to fast and eco-friendly delivery options across InPost’s network of over 82,000 lockers and Pick Up Drop Off (PUDO) points.

Supporting its mission to make second-hand the first choice worldwide, Vinted also launched its dedicated investment arm, Vinted Ventures, in April. This focuses on investing in the next generation of founders and startups in the re-commerce value chain. 

“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.

Thomas Plantenga, CEO, Vinted Group

Looking ahead, Vinted will continue it international expansion as well as investing in new categories this year, with the aim of building out more services that help second-hand sellers and shoppers transact with more ease on the platform whilst keeping costs low.