Carousell hit positive full-year EBITDA in 2025 as revenue rose 18% to $141 million
Carousell reached positive full-year EBITDA in 2025 as revenue climbed 18% to US$141 million. Its recommerce business grew more than 40%, made up 45% of group revenue, and helped narrow losses before tax by 75%.
TLDR
Carousell reached positive full-year EBITDA in 2025, with revenue rising 18% year over year to US$141 million, as its recommerce business continued to expand. Tech in Asia reported recommerce grew more than 40%, accounted for 45% of group revenue in 2025 versus about 43% in 2024, and helped narrow losses before tax by 75%, though Carousell did not disclose the exact figure. By the end of 2025, the company had 29 physical stores across Singapore, Hong Kong, Malaysia, and Indonesia, supporting recommerce operations such as consignments, authenticated goods, and secondhand sales.
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