Insights

How did the Redbubble (ASX:RBL) share price respond last earnings season?

Let’s examine last years results.
The post How did the Redbubble (ASX:RBL) share price respond last earnings season? appeared first on The Motley Fool Australia. –

The Redbubble Ltd (ASX: RBL) share price will be closely watched this reporting season.

The online marketplace operator was regarded as a market darling last year as consumers flocked online during the COVID-19 pandemic.

Many investors will be interested to know how Redbubble performed last year and whether the company can maintain its growth.

Let’s take a look at how the Redbubble share price responded last earnings season.

Here’s how the Redbubble share price responded last year

The Redbubble share price rocketed to record highs after reporting its full-year results last reporting season.

Investors jumped for shares in the e-commerce company after Redbubble announced a 36% increase in marketplace revenue of $349 million for the year.

The e-commerce company also reported a surge in operating earnings before interest, tax, depreciation and amortisation (EBITDA) of 141% to $15.3 million.

Redbubble cited the acceleration towards online transactions and a weaker Australian dollar for the jump in earnings.

The online marketplace also reported rapidly expanding profit margins with a large proportion of the company’s costs being fixed.

The solid profit results acted as a springboard for the Redbubble share price for the remainder of 2020.

After releasing its results in August, shares in Redbubble surged to an all-time high of $7.35 in late January.

Snapshot of the Redbubble share price

Redbubble is an ASX-listed online marketplace connecting independent artists with consumers or businesses that want to buy their products.

Shares in Redbubble have struggled to maintain their lofty highs in 2021.

Since hitting record highs in late January, the Redbubble share price has more than halved.

The initial catalyst that sent Redbubble shares tumbling can be traced back to February.

The company’s share price took a dive after releasing its half-year results for 2021.

For the 6 months ending 31 December, Redbubble reported a 96% increase in marketplace revenue of $352.8 million.

Its gross profit also increased 118% for the period to $144 million. In addition, the company reported strong customer demand with 572,000 artists making sales.

Despite the promising results, Redbubble noted that customer orders were significantly affected by COVID-19 constraints during the Christmas period.

In addition, investors were left disappointed after Redbubble reported shrinking margins

Despite weaker results, the company has maintained an ambitious revenue target of $1.25 billion by 2024.

Redbubble is scheduled to release its full-year results for FY21 tomorrow.

The post How did the Redbubble (ASX:RBL) share price respond last earnings season? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Redbubble right now?

Before you consider Redbubble , you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Redbubble wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Could this online ASX share be benefitting from Delta?

ASX 200 Weekly Wrap: ASX grinds to a halt following new all-time high

Why Afterpay, Redbubble, & Zip shares are sinking on Friday

Redbubble (ASX:RBL) share price climbs 4% today

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!