DIBS Earnings Prediction
The chart below shows how DIBS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DIBS sees a +2.90% change in stock price 10 days leading up to the earnings, and a +3.68% change 10 days following the report. On the earnings day itself, the stock moves by -1.00%. This data can give you a slight idea of what to expect for the next quarter's release.
DIBS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
21.19M
2.55%
-4.70%
Gross Margin
70.96%
-3.23%
-1.05%
Operating Margin
-34.88%
37.70%
35.98%
Net Margin
-26.82%
67.73%
34.37%
EPS
-0.15
-87.50%
25.00%
No Data Available
DIBS Earnings Analysis
1stdibs.com, Inc. Common Stock Corporation (DIBS.O) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Revenue Growth: Net revenue for Q3 2024 was $21.2 million, representing a 3% year-over-year increase, marking the second consecutive quarter of revenue growth.
Order Growth Acceleration: 2. Order Growth: Order growth accelerated to 7% year-over-year, demonstrating strong demand despite market challenges.
Active Buyer Increase: 3. Active Buyer Growth: The company ended the quarter with approximately 62,500 active buyers, reflecting a 2% sequential increase, indicating positive momentum in customer engagement.
Inventory Expansion: 4. Listings Growth: 1stdibs closed the quarter with over 1.8 million listings, up 7% year-over-year, showcasing a healthy expansion of inventory.
Share Repurchase Initiative: 5. Share Repurchase Program: The company initiated a new $10 million share repurchase program in August 2024, following a $25 million program completed in June, indicating confidence in its long-term value.
Negative
GMV Decline Analysis: GMV was $84.6 million, down 5%, with sequential growth rates decelerating approximately 7 percentage points due to lower than anticipated average order values.
Order Value Decline Impact: Average order value decreased by 11% to approximately $2,500, significantly impacting GMV growth, which would have been 4 percentage points higher if AOV had remained consistent with July.
Adjusted EBITDA Decline: Adjusted EBITDA loss was $3 million, compared to a loss of $1.8 million last year, with adjusted EBITDA margin worsening to a loss of 14% from a loss of 9% year-over-year.
Seller Decrease and Churn: Unique sellers decreased by 13%, with elevated churn expected in the fourth quarter due to the retirement of the Essential Seller Program, affecting approximately 2,200 sellers.
Rising Sales Expenses: Sales and marketing expenses rose by 9% to $9.1 million, increasing as a percentage of revenue to 44%, up from 41% a year ago, indicating rising costs amidst a challenging revenue environment.
DIBS FAQs
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DIBS Earning Call Sentiment
1stdibs.Com, Inc. (DIBS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DIBS.O
0%Positive
The earnings call presents mixed signals: the company reported a slight revenue increase and initiated a new share repurchase program, which are positive. However, challenges like declining GMV, increased expenses, and unclear guidance on transaction volumes and order growth pose concerns. The Q&A section didn't alleviate uncertainties, particularly regarding AOV headwinds and market conditions. The lack of clear forward guidance and elevated expenses overshadow the positives, leading to a neutral sentiment prediction for the stock price over the next two weeks.
