• Barry Newstead, CEO, Redbubble
    Barry Newstead, CEO, Redbubble
  • Redbubble co-founder Martin Hosking
    Redbubble co-founder Martin Hosking
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Australian online print and promotional products portal Redbubble saw its half year revenue soar to $142.9m, representing year-on-year growth of 40 per cent.

It says its operating EBITDA profit of $5.8m and free cash flow of $25.8m for the first half means it is on track for positive result on both measures for full year.

Its half year result was a net loss of $2.2m, compared to $2.3m last time around. The company continues with its growth trajectory, its unique custoemrs increased by 23.7 per cent to 3.3 milion, it saw a 37 per cent increase in repeat customers, the number of selling artists increased by 25 per cent to 279,000 and visits to the site increased by 25 per cent to 179 million.

Redbubbble operates as an online bridge between consumers and artists, offering artists a location to sell their work and consumers a place to locate that work on various utems such as t-shirts, caps, pillowcases and the like. Redbubble partners with printers.

The company was founded by three friends in Melbourne in 2006, with Martin Hosking remaining ion the board although no longer CEO, he handed over to Barry Newstead last year. It believes its scalable platform will be able to tap into a $250bn global market.

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