Rent the Runway narrows losses as FY24 revenue picks up pace

Rental platform Rent the Runway (RTR) has reported narrowing losses for the fiscal year 2024, after results for the fourth quarter continued the positive trajectory seen over much of the period. During the year as a whole, revenue was up 2.7 percent year-over-year reaching 306.2 million dollars, while net losses narrowed from 113.2 million dollars in 2023 to 69.9 million dollars.