BARK, Inc. announced its financial results for the fiscal third quarter ended December 31, 2024, exceeding revenue expectations. The company reported total revenue of $126.4 million, a 1.1% increase from $125.1 million in the prior year quarter. This marks a continuation of positive top-line momentum.
The company achieved its tenth consecutive year-over-year improvement in Adjusted EBITDA, demonstrating disciplined financial management. Commerce revenue surged by 43% year-over-year to $20.3 million, highlighting successful diversification efforts. BARK Air, the company's innovative travel service, generated $2 million in revenue during the quarter, just seven months after its launch.
BARK also reported its strongest new subscription quarter in three years, indicating renewed customer acquisition strength. Direct to Consumer gross margin improved to 67.4% from 63.8% in the prior year. The company remains on track to achieve its first full year of positive Adjusted EBITDA in the upcoming month, signaling a significant operational turnaround.
For the full fiscal year 2025, BARK reaffirmed its revenue guidance of $480 million to $490 million and Adjusted EBITDA guidance of $4 million to $8 million. For the fourth quarter of fiscal 2025, the company expects revenue between $110 million and $115 million, with Adjusted EBITDA projected between $5 million and $9 million. These projections reflect confidence in continued profitability and strategic execution.
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