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THE REALREAL ANNOUNCES FIRST QUARTER 2021 RESULTS Q1 GMV Increased 27 % Y / Y to $ 327 million Q1 Total Revenue Increased 27 % Y / Y to $ 98.8 million Q1 New Buyer Growth Accelerated to 34 % Y / Y from 21 % Y / Y in Q4 Surpassed $ 2 Billion Cumulative Consignor Commission Payouts in April SAN FRANCISCO , May 10 , 2021 - The RealReal ( Nasdaq : REAL ) —the world's largest online marketplace for authenticated , resale luxury goods - today reported financial results for its first quarter ended March 31 , 2021. The company returned to growth in Q1 , recording its highest quarterly gross merchandise volume ( GMV ) to date , with Q1 GMV increasing 27 % Y / Y , a significant improvement from the 1 % Y / Y decline in Q4 . In Q1 , The RealReal also added the greatest quarterly number of new consignors to its marketplace to date , and , as of April , surpassed the milestone of $ 2 billion in cumulative consignor commission payouts . " After more than a year of navigating the tough challenges created by COVID , we are incredibly pleased to report our return to growth . As we build on our recent momentum and march toward profitability , we remain focused on driving scale and operating efficiency gains . While the pandemic limits our visibility , with our return to growth and widespread vaccine distribution , we are optimistic our performance will continue to improve significantly throughout 2021 , ” said Julie Wainwright , founder and CEO of The RealReal . The RealReal continues to execute on its strategy to extend its physical presence via smaller footprint neighborhood stores that enable the company to engage with its most valuable customers . The company is on track to operate a total of 10 neighborhood stores by the end of Q2 , having opened stores in Brooklyn , N.Y .; Newport Beach , Calif .; and Greenwich , Conn . , in Q1 and kicked off Q2 expanding to Texas with locations in Austin and Dallas . Q1 store highlights included : ● Buyers who purchased in - store in Q1 spent 4.4 times more compared to online - only buyers ; and • Buyers who purchased in - store in Q1 generated AOVS approximately 2.6 times higher than online - only buyers . In addition to engaging consignors through neighborhood stores , the company resumed at - home concierge appointments in select markets in early March and nationwide in early April with comprehensive safety protocols . The early performance of at - home concierge appointments is very encouraging and we believe is indicative of pent up consignor supply . The RealReal also had a number of milestone achievements in its work to extend the life of luxury and create a more sustainable , circular future . Resale through The RealReal has saved approximately 896 million liters of water and 18,732 metric tons of carbon from its inception through March 31 , 1