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RB REDBUBBLE Half Year FY2021 Update Melbourne , Australia ; 16 February 2021 : Redbubble Limited ( ASX : RBL ; ADR : RDBBY ) today provides a strategy and financial update relating to the half year ( 1H ) ended 31 December 2020. The financial results have been subject to audit review ( unless stated otherwise ) and are on a delivered basis . Accompanying strategic and operational metrics are from internal management reports and have not been subject to audit review . 1H FY2021 Financial Performance Redbubble's 1H financial metrics ( with YoY growth rates , where applicable ) are : Marketplace Revenue¹ of $ 353 million , up 96 % ( 105 % on a constant currency basis² ) • Gross profit of $ 144 million , up 118 % ( 127 % on a constant currency basis ) • • EBIT profit of $ 42 million³ , compared to a loss of $ 2 million in 1H20 Operating cash inflow of $ 80 million , compared to $ 41 million in 1H20 • Closing cash balance at 31 December 2020 of $ 130 million Included within the above numbers is a positive delivery date adjustment . Excluding this adjustment , the financial metrics are : • Marketplace Revenue¹ ( paid ) of $ 343 million , up 90 % ( 99 % on a constant currency basis² ) • Gross profit ( paid ) of $ 138 million , up 102 % ( 110 % on a constant currency basis ) • EBIT profit ( paid ) of $ 35 million³ , compared to $ 0.2 million in 1H20 Business & Strategic Update Redbubble has experienced significant growth and is operating at a much larger scale than 12 months ago . Teams across the business have demonstrated remarkable resilience with the entire company operating remotely since April 2020 . The most recent quarter saw consistently strong customer demand into the peak holiday season , and Redbubble increased paid acquisition spend to capture more customers profitably . High growth rates continued across all geographies and product categories , even as mask demand moderated to 7 % of overall product mix for 2Q . COVID - 19 continued to challenge the global shipping network and this 1 Marketplace Revenue is total revenue less artist revenue ( ie artist margin ) . 2 " Constant currency basis " reflects the underlying growth before translation to Australian dollars for reporting purposes . Redbubble sources about 93 % of its Marketplace Revenue in currencies other than Australian dollars . TeePublic sources about 91 % of its Marketplace Revenue in US dollars . Operating EBITDA and EBITDA were the metrics reported in the prior period . Level 3 , 271 Collins Street , Melbourne VIC 3000 PO Box 274 , Flinders Lane VIC 8009 Ph : +61 3 9650 0138 Redbubble Limited ABN 11 119 200 592