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SAN FRANCISCO, June 2, 2021 (GLOBAL) – RealReal (Nasdaq: REAL) – the world’s largest online marketplace for authenticated and resale luxury goods – today released an update on its activities ahead of its participation in the 41st Annual the Piper Sandler Consumer conference. Marketplace conference. The gross merchandise volume (GMV) for the quarter through May 31, 2021 was approximately $ 239 million, up 106% over the same period in 2019 and up 53% over the same period in 2019. As of May 31, 2021, the price was about $ 520, up 26% over the same period in 2019 and 13% up over the same period in 2019.

“Our GMV growth rate for the quarter to date reflects the strong momentum we are experiencing with COVID, underlined by accelerating year-on-year growth compared to the same period in 2019. home deliveries and strong trends in the resale market all contribute to our work. As we build on our recent momentum, we remain focused on increasing scale and operating efficiency as we move towards profitability, ”said Julie Wainwright, founder and CEO of The RealReal.

The COVID-19 pandemic continues to reshape consumer and business behavior in ways that are difficult to predict. The company believes the monthly disclosure of GMV and AOV will provide additional transparency regarding the impact of the COVID-19 pandemic on its business. In line with the SEC’s recommendations regarding the impact of the COVID-19 pandemic, the company intends to provide monthly GMVs and AOVs until the end of 2021.

The following table shows the growth rates of GMV and AOV for April 2021, May 2021 and Q2 2021 for the quarter to May 31 compared to 2020 and 2019:

2021 and 2020 2021 and 2019
april Can Quarter to
date
april Can Quarter to
date
GMV 132% 85% 106% 56% fifty% 53%
AOV 28% 25% 26% 10% fifteen% 13%

The information in this press release will be discussed on the webcast of the 41st Piper Sandler Consumer Marketplace Annual Conference on June 3, 2021 and reflects the preliminary information currently available. This webcast can be accessed from the RealReal Investor Relations page on its website at https://investor.therealreal.com/news-events/events… RealReal plans to publish financial results for the second quarter ended June 30, 2021 in early August.

About RealReal, Inc.
RealReal is the world’s largest online market for verified and resale luxury goods with over 20 million members. Through a strict authentication process controlled by experts, RealReal provides consumers with a secure and reliable platform to buy and sell their luxury goods. We have hundreds of in-house gemologists, watchmakers and brand authentication specialists who check thousands of items every day. As a green company, we are giving new life to thousands of brands in a variety of categories, including womens and mens fashion, jewelry and watches, art and home, in support of a circular economy. We make sales easy with free virtual meetings, pickup, home delivery and drop shipping. We do all the work for shippers, including authentication, using AI and machine learning to determine optimal prices, photographing and posting their items, and handling shipping and customer service. At our 16 outlets, including 11 stores, shoppers can sell, meet with our experts, and receive free ratings.

Investor Relations Contact:
Paul Bieber
Head of Investor Relations and Capital Markets
paul.bieber@therealreal.com

Press Contacts:
Erin Santi
Head of Communications Department
pr@therealreal.com

Forward-looking statements
This press release contains forward-looking statements concerning, among other things, the future performance of The RealReal, which are based on the company’s current expectations, projections and assumptions and involve risks and uncertainties. In some cases, you may identify forward-looking statements using terminology such as “may”, “will”, “should”, “might”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, To “predict”, “intend”, “potential”, “continue”, “ongoing” or negative meanings of these terms or other comparable terminology. These statements include, but are not limited to, statements of future operating results, including our operating expenses and capex reductions, as well as our strategies, plans, commitments, goals and objectives, particularly in the context of the impact of COVID. -19 pandemic and recent social unrest. Actual results could differ materially from those predicted or implied, and the results presented should not be construed as indications of future results. Other factors that may cause or contribute to such differences include, but are not limited to, the impact of the COVID-19 pandemic on our operations, any failure to secure the supply of consignment goods, price pressures on the consignment market resulting from the discounting of new goods into the market, failure to efficiently and effectively manage our merchandising and fulfillment operations and other reasons.

Additional information about factors that could affect the company’s operating results is included in the headings “Risk Factors” and “Management Discussion and Analysis of Financial Condition and Results of Operations” in the company’s most recent annual 10-K report and subsequent quarterly reports. on Form 10-Q, copies of which can be obtained by visiting the Investor Relations website at https://investor.therealreal.com or the SEC website at www.sec.gov… Do not place undue reliance on the forward-looking statements in this press release, which are based on information available to the company as of the date of publication. The company assumes no obligation to update such statements.

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