The company ended the year with 115,240 Active Subscribers (up 110% year-over-year) and 159,544 Total Subscribers (up 68% year-over-year).
According to Scarlett O’Sullivan, the CFO of Rent the Runway, the company is on track to achieve 77% year-over-year growth in Active Subscribers in Q1/22, and 45%-50% year-over-year revenue growth in 2022.
The company provided its Q1 outlook, expecting Ending Active Subscribers in the range of 130,000-132,000, revenue in the range of $63.5-$64.5 million, and adjusted EBITDA in the range of $(11.0)-$(10.5) million. Consensus is calling for revenue of $64.3 million in the quarter.
For the full 2022-year, the company expects revenue of $295-305 million, and an adjusted EBITDA margin of (6)%- (5)%. The revenue consensus is $305.02 million.