It's not clear how many people were compromised by this hacking campaign, but a security researcher said the hackers were targeting victims since at least November 2025.
It's not clear how many people were compromised by this hacking campaign, but a security researcher said the hackers were targeting victims since at least November 2025.
Earnings Call Insights: Rent the Runway (RENT) Q4 fiscal 2025 Management View Jennifer Hyman (Co-Founder, CEO, President & Director) framed fiscal 2025 as a proof point for a larger inventory strategy, saying, "One year ago, we announced that we were making our biggest inventory investment in Rent the Runway history to drive growth" and adding, "Today, I am proud to report that this strategy has b...
Earnings Call Insights: Rent the Runway (RENT) Q4 fiscal 2025 Management View Jennifer Hyman (Co-Founder, CEO, President & Director) framed fiscal 2025 as a proof point for a larger inventory strategy, saying, "One year ago, we announced that we were making our biggest inventory investment in Rent the Runway history to drive growth" and adding, "Today, I am proud to report that this strategy has been successful." She reported the company "grew our active subscriber base by 20%, ending the year with 144,000 subscribers" and tied engagement gains to inventory breadth, noting, "Inventory-related cancellations dropped 7.6% year-over-year in Q4" and "our average subscriber visits our app 15 times per month." Jennifer Hyman (CEO) described a strategic shift in fiscal 2026 from acquiring inventory to improving how customers find it, stating, "If 2025 was about inventory acquisition, 2026 is about discovery." She outlined AI-driven front-end initiatives including "outfit groupings," a more dynamic product detail page experience, and a vision for "a state-of-the-art conversational agent" to help customers search by occasion. Jennifer Hyman (CEO) also laid out new revenue initiatives beyond core subscriptions, including "piloting an online marketplace, launching B2B dry cleaning services, expanding our advertising revenue program and more." She said, "In March, we launched a pilot of our Rent the Runway marketplace" and cited survey results that "86% of members surveyed are interested in purchasing these complementary items from us." Siddharth Thacker (Chief Financial Officer) connected the year’s growth effort to cash usage, stating, "free cash flow declining to negative $46 million in fiscal year 2025 from negative $7.2 million in fiscal year 2024" and attributing it primarily to the decision "to front-load inventory investments." He added, "we don't anticipate significant increases in new inventory receipts in fiscal year 2026" and said the company expects "improved free c...
European Central Bank President Christine Lagarde says the euro-zone economy has moved away from the central bank's Iran war base case, though not enough to currently warrant leaning toward raising interest rates. She speaks with Bloomberg's Francine Lacqua at the IMF’s spring meetings. (Source: Bloomberg)
European Central Bank President Christine Lagarde says the euro-zone economy has moved away from the central bank's Iran war base case, though not enough to currently warrant leaning toward raising interest rates. She speaks with Bloomberg's Francine Lacqua at the IMF’s spring meetings. (Source: Bloomberg)