Vinted’s revenues top €1BN but profits slide

Vinted, the second-hand marketplace unicorn, today said its revenues surpassed €1bn last year, but profits dipped nearly 20 per cent, as it took a financial hit from its investments.

Financial figures for Vinted Group, which includes its core second-hand marketplace Vinted, shipping service Vinted Go, and Vinted Pay, its payment platform, show revenues came in at €1.1bn in 2025, up 38 per cent on the year, while profits fell 19 per cent on the year to €62m.

Profits fell at Lithuania’s first unicorn due to its investment in a number of areas, the 2008-founded company said. These included investment in the German market, expansion of Vinted Marketplace categories, expansion of Vinted Go’s carrier services to Portugal and Spain, and the introduction of the Vinted Pay wallet.

Vinted, which is headquartered in Vilnius, first reported a profit in 2024. Gross Merchandise Value (GMV), which is a key metric for retailers and measures the total value of goods sold, rose 47 per cent to €10.8bn. Vinted has benefited from rising inflation, which has led shoppers to turn to cheaper, second-hand products.

2025 highlights, according to Vinted, include turning around its performance in Germany, along with a “strong performance” in women’s and children’s clothing, while Vinted continued its expansion into more consumer-goods categories, including sports and collectables, it said.

In 2025, Vinted, which is available in 26 countries and was valued at around €5 billion in 2024, launched in the new markets of Latvia, Estonia and Slovenia. Vinted is reportedly discussing a share sale that would value it at around €8 billion.

Thomas Plantenga, CEO of Vinted, said: “To make second-hand first choice, we know what we need to do: we need to be the most cost-efficient, be the most reliable and easy to use. Therefore we need to build an ecosystem for C2C second-hand trade, that maximises value to members at the lowest possible cost. We do this by investing in technology to have long-term scalable impact. That’s why you see us improving our product, investing in safety and member support, while strengthening the rails that power the marketplace: shipping and payments.”