Business
2 exciting e-commerce ASX shares growing rapidly
There are a few e-commerce ASX shares out there that are generating a lot of revenue growth and want to grow even more.
Both of the businesses that are in this article say they want to invest to capture more market share and then generate higher margins down the line.
In a few years, these two businesses plan to be much bigger:
The Redbubble share price is down over 21% to $4.32 today. That was after revealing its FY21 third quarter update and a new strategy.
It said that in the third quarter its marketplace revenue rose 54% to $103.4 million, with earnings before interest, tax, depreciation and amortisation (EBITDA) rising $8.5 million to $2.2 million. Earnings before interest and tax (EBIT) jumped 91% to a loss of $0.9…
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