Zalando’s Q3 revenue up by 5%, hits $2.5B

By  
Artur Stańczuk
November 10, 2024
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Summary:

Zalando's Q3 results showed strong gains. Revenue rose by 5% to $2.5B, while GMV climbed 7.8% to $3.8B. B2C sales grew 4.3%, reaching $2.4B, and B2B saw an 11.1% increase. Net profit hit $47M, reversing last year's loss. Zalando confirmed its 2024 outlook, projecting 3-5% GMV growth and adjusted EBIT of $470M. Investments in new brands, logistics in Europe, and the Zalando Assistant help drive engagement and expansion.

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