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Xometry Q2 Earnings Call Highlights
['Trevor Kearing']
Daily Political
Xometry (NASDAQ:XMTR) reported record second-quarter results as marketplace revenue growth accelerated and adjusted EBITDA increased, prompting the company to raise its full-year revenue and profitability outlook.
Marketplace revenue increased 45% to $215 million, while services revenue totaled $13.9 million.
He added that the company’s marketplace revenue growth had accelerated for four consecutive quarters.
Services revenue increased slightly from the first quarter as Xometry stabilized its core advertising business.
Third-quarter marketplace revenue growth outlook: Approximately 33% year over year.