Home > Industry > Finance > Shares In Designer Outfit Redbubble Leap, Then Plunge

Shares In Designer Outfit Redbubble Leap, Then Plunge

Shares in ASX-listed designer marketplace provider Redbubble jumped an initial 45% after the company posted its first full-year financials since listing in 2016.

Revenue was up 41% at $257 million, while gross profit was put at $95 million, up 48%. Earnings before EBITDA were put at $3.8 million, compared with a $3.8 million loss a year earlier.

Despite the early jump, bringing rave headlines in The Australian and SMH, the share-market quickly settled back. Redbubble shares closed the day at $1.40, down 4.11%.

Based in Melbourne, Redbubble describes itself as a global online marketplace for print-on-demand products based on user-submitted artwork. They’re said to be used for “making things like shirts, stickers, phone cases, and pillows weirdly meaningful”.

You may also like
Global Headset Shipments Surge
Global Smartphone Sales Collapse – With Worse To Come
breville logo
Breville’s Share Prices Crash, Falling By 36.9% In The Last Month
Apple Stock Rebounds, Strongest Day Since 2018
Harvey Norman’s Franchise Profit Sheds $21.92 Million