Rent the Runway grows revenue 21% but forecasts weaker next quarter
Rent the Runway ($RENT) reported second-quarter revenue of $97.7 million, up 20.8%, and narrowed its net loss to $12.9 million from $26.4 million. Adjusted EBITDA increased to $12.6 million from $3.6 million. However, ending active subscribers fell 3.8% to 140,826, despite a modest increase in the quarter’s average active subscriber count. The company expects next-quarter revenue of $87–90 million and a negative adjusted EBITDA margin of 3–6%. It maintained full-year expectations for double-digi
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