Vinted Surpasses $10 Billion GMV and Tests American Market

Second-hand marketplace Vinted is reporting impressive growth – in 2025, it will exceed $10 billion in annual GMV (gross merchandise value) and $1 billion in revenue, according to CEO Thomas Plantenga. The company is also launching a test connection between the UK and the US, marking the beginning of its American expansion into the enormous North American market, where the second-hand segment is still less mature.

Katarína Šimčíková
E-commerce Content Writer & EU Market Partnerships, Ecommerce Bridge EU

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Vinted Surpasses $10 Billion GMV and Tests American Market — Source: ChatGPT

As CEO Thomas Plantenga told Bloomberg TV last week, this initiative is the first step in transforming from a marketplace into a global ecosystem, with the ambition of making second-hand the first choice for consumers worldwide.

Impressive Financial Results

In April, Vinted Group – which includes:

the C2C marketplace Vinted
logistics service Vinted Go
payment system Vinted Pay

Announced revenues of €813.4 million for 2024, representing a 36% increase. Net profit surged by 330% to €76.7 million (from €17.8 million in 2023).

The Lithuanian startup, which we identified in our article as one of Europe’s biggest e-commerce success stories with a valuation of $12.5 billion, has recently expanded its offering beyond clothing to include collectibles and toys.

Whilst many expect Vinted to go public (IPO) soon, the company remains focused on organic growth and building a comprehensive ecosystem for second-hand commerce, in keeping with its sustainability mission.

Katarína Šimčíková
E-commerce Content Writer & EU Market Partnerships, Ecommerce Bridge EU

Partnership Manager & E-commerce Content Writer with 10+ years of international experience. Former Groupon Team Lead. Connects European companies with Slovak and Czech markets through partnerships and content marketing.

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