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Redbubble Limited announced FY23 guidance and trading update

Jan 18, 2023

Redbubble Limited (ASX: RBL) announced a trading update before the financial results for the half year ended 31 December 2022 and revised its FY23 guidance:

  • The company’s marketplace revenue was up 3% in the prior period and 5% on an Underlying basis in 1HFY23.
  • It is implementing cost reduction measures targeted at returning the company to positive cash flow by the end of calendar year 2023.
  • In August 2022, the company forecasted FY23 operating expenditure to be between AU$135 million and AU$145 million. Now it expects FY23 operating expenditure to be between AU$125 million and AU$135 million.

 

 

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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

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