Melboune-headquartered online luxury platform Cettire reported a surge in revenue to $191 million for the third quarter of FY24, up 88% year over year.

Adjusted EBITDA for the quarter reached $6 million, with a resilient business model boasting a 20%+ margin.

The company logged an 84% increase in active customers to around 644,000, driven by repeat sales and progress in established and emerging markets.

Cettire plans to enter the Chinese market in the fourth quarter of FY24. The company maintains a net cash balance of around $90 million.