Carousell, the Singapore-headquartered marketplace for pre-owned goods, has crossed a key financial milestone. The company announced on Tuesday that it recorded its first positive adjusted operating profit, marked by positive EBITDA.
This profitability achievement brings the company closer to its mission of making second-hand the first choice for consumers. The firm, last valued at US$1.1 billion in 2021, is now banking on artificial intelligence as a strategic force multiplier to sustain its momentum.
“We see AI as a force multiplier,” the company stated, though specific details on how the technology will be deployed remain unclear. The platform, which connects buyers and sellers of used items across Southeast Asia, has been refining its operations to reach this financial inflection point.
The positive EBITDA marks a shift from years of investment and losses common among growth-stage marketplaces. For Carousell, this milestone signals improved unit economics and a path toward sustainable profitability in the competitive second-hand e-commerce space.
Some analysts note that the company's last private valuation was set in a more bullish market environment in 2021. The actual current valuation and long-term revenue trajectory remain opaque given Carousell's private status.