Peer-to-peer shopping platform Depop has filed its accounts for 2024 and they show revenue jumping, although the company remains loss-making.

Revenue leapt 42% to £101.6 million last year and the operating loss narrowed from £49.1 million in 2023 to £42 million this time. The company also said the net loss was lower having shrunk from £48.6 million a year ago to £40.44 million in the latest year.

The company, which is owned by Etsy , is based in London and had 43.5 million registered users worldwide at year-end, a figure that jumped from 35 million in 2023. Those users are mainly based in its key markets of the US, the UK and Australia.

It said that around 57% of its sellers who made a sale in 2024 also made at least one purchase, demonstrating strong engagement within its user base.

See Full Page