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Exhibit 99.1 1stDibs Reports Third Quarter 2021 Financial Results Q3 Gross Merchandise Value Increased 25 % Year - Over - Year to $ 109 million Q3 Net Revenue Increased 22 % Year - Over - Year to $ 25.6 million New York , NY ― November 10 , 2021 — 1stdibs.com , Inc. ( NASDAQ : DIBS ) , a leading online marketplace for luxury design products , today reported financial results for its third quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights • Net revenue was $ 25.6 million , an increase of 22 % year - over - year . • Gross profit was $ 18.1 million , an increase of 23 % year - over - year . • Gross margin was 70.6 % , compared to 69.9 % in the third quarter 2020 . • • GAAP net loss was $ 6.6 million , compared to $ 1.4 million in the third quarter 2020 . Non - GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $ ( 5.4 ) million and ( 21.0 ) % , respectively , compared to $ ( 0.5 ) million and ( 2.2 ) % , respectively , in the third quarter 2020 . Cash and cash equivalents totaled $ 167.1 million as of September 30 , 2021 . " While the macro environment remains unpredictable , we delivered GMV above the high - end of our guidance range and made progress on our strategic initiatives during the third quarter , " said David Rosenblatt , 1stDibs Chief Executive Officer . " As we look forward , we're well positioned to benefit from the continued shift to digital and the extensibility of our platform , which allows us to efficiently enter adjacent markets , launch new features , and potentially unlock large GMV opportunities . " Tu Nguyen , Chief Financial Officer of 1stDibs said , " Marketplace dynamics remained healthy in the third quarter with traffic , average order value , and conversion all increasing year - on - year . Growing GMV in a disciplined manner remains our top priority and we are investing against our opportunities . Our asset - light business model , highly variable cost structure , and stable buyer cohort behavior gives us the confidence to invest for the long term . " Other Recent Business Highlights and Key Operating Metrics • Announced the launch of 1stDibs Auctions which allows buyers to bid on their favorite items - spanning furniture , home décor , art , fine jewelry , watches , handbags , and fashion . • Gross Merchandise Value ( " GMV " ) was $ 109 million , an increase of 25 % year - over - year . • Number of Orders was approximately 37K , an increase of 16 % year - over - year . • Active Buyers was approximately 72K , an increase of 35 % year - over - year . 1