Depop's operating loss narrows amid strong revenue growth

Depop Limited, the circular fashion marketplace headquartered in London, achieved strong financial results for the year ended December 31, 2024, reporting a 42 percent surge in revenue and a 14 percent reduction in operating loss. Revenue for the year rose to 101.6 million pounds, while the operating loss narrowed to 42 million pounds from 49.1 million pounds in 2023. This growth was driven by expanding market share, with Depop being the fastest-growing U.S. online apparel marketplace in 2024, despite a decline in the UK market.