Rent the Runway (RENT) Tops Q1 EPS by 2c, Offers Guidance
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Rent the Runway, Inc. Announces First Quarter 2023 Results
June 7, 2023 4:01 PM EDTRecord High Active Subscriber Count of 145,220 as of April 30, 2023,
Growing 15% Quarter Over Quarter
Rapid Progress on Improving the Customer Experience
Significant Momentum on Path to Free Cash Flow Profitability:
Q1 2023 Net Loss of $(30.1)M and Net Margin of (40.6)% vs. $(42.5)M and (63.3)% in Q1 2022
Strong Adjusted EBITDA of $4.5M and Adjusted EBITDA Margin of 6.1% in Q1 2023, Up From $(8.8)M and (13.1)% in Q1 2022
