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Stock impact report

1stdibs.com Inc (DIBS) Q3 2024 Earnings Call Highlights: Navigating Growth Amid Market Challenges [Yahoo! Finance]

1stdibs.com, Inc. (DIBS) 
Company Research Source: Yahoo! Finance
1stdibs.com Inc ( NASDAQ:DIBS ) achieved year-over-year revenue growth for the second consecutive quarter, with accelerating order growth and sequential active buyer growth. Conversion rates have increased year-over-year for four straight quarters, with double-digit improvements for both new and returning buyers. The company has implemented a machine learning-based pricing model for furniture, providing stronger, more precise recommendations to maximize conversion. 1stdibs.com Inc ( NASDAQ:DIBS ) has initiated a $10 million share repurchase program, indicating confidence in the company's intrinsic value. The company is focused on improving efficiency and positioning the business for sustainable growth, with plans to generate operating leverage at mid-single-digit revenue growth. Gross Merchandise Value (GMV) contracted due to weaker than expected average order values, which the company views as a temporary issue. Adjusted EBITDA margins came in toward the low end of guida Show less Read more
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