Earnings release
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RB REDBUBBLE Trading Update Melbourne , Australia ; 22 April 2021 : Redbubble Limited ( ASX : RBL ; ADR : RDBBY ) today provided a trading update relating to the third quarter ( 3Q ) and nine months ( YTD ) ended 31 March 2021. The financial results are on a delivered basis ( unless otherwise noted ) and both these and any accompanying operating metrics are from internal management reports and have not been audited . YTD FY2021 Financial Performance Redbubble's YTD financial metrics ( with YoY growth rates , where applicable ) are : • Marketplace Revenue¹ of $ 456 million , up 85 % ( 97 % on a constant currency basis² ) • Gross profit of $ 184 million , up 100 % ( 114 % on a constant currency basis ) • EBITDA of $ 51 million , compared to a loss of $ 2 million in FY20 • EBIT of $ 41 million , compared to a loss of $ 12 million in FY20 • Operating cash inflow of $ 54 million , compared to $ 6 million in FY20 • Closing cash balance at 31 March 2021 of $ 102 million Note that the business is seasonal in nature and its financial metrics should be viewed over a full financial year period . Redbubble Group has also shared its Direction and Aspiration in a Letter to Shareholders and the accompanying Investor Presentation released today . This announcement was authorised for lodgment by Redbubble Limited's Disclosure Committee . Michael llczynski ( CEO ) and Emma Clark ( CFO ) will host an investor update conference call via live webcast this morning at 10.00am ( AEST ) Thursday 22 April 2021 || 5.00pm ( PDT ) and 8.00pm ( EDT ) on Wednesday 21 April 2021 . Participants will need to PRE - REGISTER for the call via the link below : https://s1.c-conf.com/diamondpass/10013422-k38syw.html 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 . 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