What: Vinted Group achieves record-breaking financial performance with €76.7m net profit and €813.4m revenue, while expanding its operational footprint and launching new investment initiatives.

Why it is important: This milestone demonstrates the maturation of the second-hand market, as platforms transition from growth-focused strategies to profitable business models while maintaining aggressive expansion.

Vinted Group has reported exceptional financial results, with net profit soaring 330% year-on-year to €76.7m and revenue climbing 36% to €813.4m. This performance reflects the company's successful execution of a multi-faceted growth strategy. The group has expanded its geographical presence by launching operations in Croatia, Greece, and Ireland, while simultaneously developing its logistics capabilities through Vinted Go, which focuses on providing cost-effective shipping solutions via locker and pick-up-and-drop-off networks in France and the Benelux region, with planned expansion into Spain and Portugal.

The company's commitment to innovation is evidenced by the launch of Vinted Ventures, a dedicated investment arm focused on supporting the next generation of re-commerce startups. CEO Thomas Plantenga attributes this success to the company's relentless focus on cost control, infrastructure development, and scaled innovation, emphasizing the group's vision of transforming societal consumption patterns through an ecosystem of complementary businesses.

IADS Notes: Vinted's exceptional performance in early 2025, with a 330% increase in net profit to €76.7m and 36% revenue growth to €813.4m, marks a significant evolution from its first profitable year in 2023, when it reported €17.8 million in profits. As noted in December 2024, the company's success stems from its innovative business model, eliminating seller fees while diversifying revenue through advertising, shipping, and payment services. The expansion into Croatia, Greece, and Ireland, coupled with the development of Vinted Go's logistics operations in France and Benelux, demonstrates the company's strategic focus on infrastructure development. This growth trajectory aligns with broader market trends, as ThredUp's March 2024 report projected the global second-hand market to reach €350 billion by 2028. The launch of Vinted Ventures in 2025 represents a strategic evolution, following the company's successful integration of technology and logistics capabilities, as evidenced by its March 2025 'House of Vinted' luxury showcase in London, which demonstrated the platform's ability to bridge digital and physical retail experiences.

Vinted revenue and profits soar