ATRenew reaffirms outlook after strong Q1

ATRenew posted Q1 2025 revenue of RMB 4.65 billion, up 27.5% YoY, driven by trade-in subsidies, B2B growth, and improved pricing. The company returned to profitability with net income of RMB 42.8 million, reversing a RMB 92.9 million loss a year earlier. Adjusted net income rose 277% to RMB 78 million, while adjusted operating income grew 39.5% to RMB 111.9 million. ATRenew reaffirmed its Q2 revenue outlook of up to RMB 4.81 billion.