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Redbubble reports net loss, as sales slump

(Source: Bigstock)
Online marketplace Redbubble has reported a net loss attributable to shareholders of $24.6 million in its latest results. Founded in Melbourne in 2006, Redbubble creates print-on-demand products featuring artwork submitted by users. It has offices in San Francisco and Berlin as well as Melbourne. In the year ended June 30, the company says its marketplace revenue fell by 13 per cent to $482.6 million, or by $70.7 million, year-on-year. Gross profit was down 18 per cent to $183.1 million. A “po
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