Redbubble Annual Report 2020

4 Redbubble Year in Review (1) P&L (A$M) FY YoY (FY20 v FY19) FY20 FY19 (1) Growth Total Revenue 416.3 307.0 36% Less: Artist Revenue (67.4) (50.1) 35% Marketplace (MP) Revenue 348.9 256.9 36% Gross Profit 134.4 94.5 42% GP % (on MP Revenue) 38.5% 36.8% 1.7pp Paid Acquisition (Marketing) (39.8) (27.0) 47% GPAPA (Gross Profit after Paid Acquisition) 94.5 67.5 40% GPAPA % (on MP Revenue) 27.1% 26.3% 0.8pp Operating Expenses (79.3) (61.2) 30% Operating EBITDA 15.3 6.3 141% Operating EBITDA % (on MP Revenue) 4.4% 2.5% 1.9pp Other Income/Expenses (2) (10.1) (8.3) 22% EBITDA 5.1 (2.0) 358% Depreciation & Amortisation (13.7) (10.4) 32% EBIT (8.6) (12.4) 31% (1) FY19 results include TeePublic from 1 November 2018 onwards. On 1 July 2019 the Group adopted AASB 16 - Leases using the full retrospective method of adoption. As a result of this FY19 comparative information has been restated. (2) Includes non-cash share-based payments, currency gains/losses and rent expenses (as per AASB 16 effective 1 July 2019).

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