CEO John Koryl on how The RealReal will reach profitability in 2024

10 months ago 26

This story was originally part of the 2023 Glossy 50 feature. Click here to see all of this year’s honorees.

When John Koryl joined luxury resale platform The RealReal as CEO in February, he hit the ground running. Eight months later, the company’s investor trust was restored.

In early November, The RealReal reported its third-quarter earnings for the period ending on September 30, revealing both revenue and profit that exceeded analysts’ expectations. Most notably, its adjusted EBITDA loss had dwindled to $7 million, compared to $28 million in the same quarter last year. Following the announcement, the company’s stock climbed 30%. Since going public in 2019, The RealReal has maintained a goal of reaching profitability by 2024.

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