Trading update released today, Redbubble has posted a 16 percent slip in its marketplace revenue of $384M and a 22 percent decrease in its gross profit of $144M. This results in an EBITDA loss of $2.3M on the back of FX losses.

They say this is in line with expectations and they reiterated its previous FY2022 full year outlook statements.

The statement adds they are committed to a medium term strategy of investing for sustainable growth which almost sounds like an afterthought.

On open the shares are up over 4% - results must be better than the market expected. Not held.