- 7 May 2021
- Transport / Logistics Services
US e-commerce shipping solutions providers Stamps.com has had a 25% jump in revenues in the first quarter of 2021. Adjusted operating profit (EBITDA) is up 43%.
Revenues at Stamps.com grew to $151.3 million in Q1, while EBITDA was $59.5 million, up from $41.5 million in Q1, 2020.
Ken McBride, Stamps.com’s Chairman and CEO commented: ”We continued to see strength in our financial performance in the first quarter of the year, which marked the anniversary of the COVID-19 pandemic. Our company has continued to outperform by providing best-in-class global multi-carrier e-commerce technology solutions to our customers and partners in these challenging times.
As the economy begins to show signs of broader recovery, we believe e-commerce will continue to be an integral part of both the global economy going forward and the economic recovery. We remain excited about the long-term future of our business and confident in our ability to successfully execute our global e-commerce strategy.”