ThredUp (TDUP) Q2 FY26 earnings call

ThredUp delivered strong Q2 FY26 results, exceeding internal expectations across revenue, gross margin, and adjusted EBITDA, driven by record new buyer acquisitions and active buyer growth. However, a challenging consumer environment necessitated increased promotional activity, impacting average selling prices and leading to a revised, more cautious outlook for the second half of the year. The company is prioritizing buyer engagement and shifting its customer mix towards more premium segments, leveraging AI for personalization and efficiency, while navigating temporary macroeconomic headwinds.