Articore Group – the parent company of Australian-born print-on-demand fashion and lifestyle marketplace Redbubble – has reported a 5 per cent lift in its gross profit alongside a 7 per cent fall in marketplace revenue for the first quarter of FY26.
As well as Redbubble, Articore also manages TeePublic in the United States.
The group’s marketplace revenue – which is total revenue minus creator revenue – dropped $5.8 million to $82 million in Q1 FY26. Despite the fall, gross profit was up hitting $41.5 million, which helped lift the company’s profit margin by 5.7 percentage points to 50.6 per cent.
Alongside this, the group’s earnings before interest and tax (EBIT) swung to green, from minus $5.7 million in the first quarter of FY25 to a positive $0.8 million in the same quarter this financial year.
Group CEO and managing director Vivek Kumar said this marks Articore’s first profitable first quarter in four years, which also includes an 11 per cent increase in gross profit after paid acquisition, landing at $24.8 million.
“[This is] a clear sign that our focus on margins, cash flow, GPAPA, and EBIT is working, even against a backdrop of inflationary pressures and consumer uncertainty,” Kumar said. “We remain on track to deliver our FY26 guidance.
He added that marketplace revenue decline has stabilised at 6.6 per cent, in line with the prior quarter’s 6.4 per cent decline.
“Importantly, we are pursuing multiple levers to drive profitable revenue growth — from enhancing customer experience, to introducing new artist fees, and investing in Dashery. These results highlight the strength of our disciplined execution and position us to capture significant upside as demand normalises.”
The company also reported a 9 per cent drop in operating expenditure to $21.5 million, with underlying cash flow lifting $5.9 million to a positive $1.7 million.