Redbubble (RBL) $3.64

FY21 Result: A good result from the ecommerce business today with revenues of $657.2m vs $557.5m expected though much of the difference can be accounted for by sales of facemasks which will roll off substantially at some point. It comes on the back of a 40% jump in active customers. The stock was smashed early but recovered strongly – a huge turnaround.  1H22 is expected to be tougher with slightly lower sales  before a return to steady YoY growth in the 2H with revenue slightly ahead in FY22 on FY21 – very much aligned with current market expectations. Shares finished up ~19% after being sharply lower early, a huge turnaround here.

chart

Redbubble (RBL)

LAST UPDATED 19/08/2021 16:35

Close

chart

Redbubble (RBL)

LAST UPDATED 19/08/2021 16:35