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Singapore’s Carousell Achieves First Positive EBITDA, Eyes Growth with AI and Re-commerce Focus

The Singapore-based platform for buying and selling used goods reports its first adjusted operating profit, marking a key milestone in its transition from classifieds to a managed re-commerce business.

Jul 7, 2026, 2:12 AM South China Morning Post World

Singaporetopic USgeography AIorganization At Carousellperson Shing Tai Leungperson This Weekperson Ebitdatopic Carousell Achieves First Positive EBITDAtopic Eyes Growthperson Re-commerce Focusperson Marcus Tanperson South China Morning Post Worldorganization

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Carousell, the Singapore-headquartered online marketplace for second-hand goods, announced on July 7, 2026, that it has achieved positive EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the first time. The company, last valued at US$1.1 billion in 2021, reported an 18% year-on-year revenue increase to S$141 million (US$109 million).

Founded in 2012 as a listings app for users to sell unwanted items, Carousell's milestone reflects its ongoing transformation into a more trusted and managed re-commerce platform. Co-founder Marcus Tan, speaking from the company’s office in Singapore’s start-up district one-north to This Week in Asia, highlighted the significance of years of investment in user experience paying off. He described the achievement as "a multi-year kind of transformation" and emphasized that this profitability milestone is "not the end, it’s actually the start of a bigger leap ahead."

Shing Tai Leung, Carousell’s chief strategy officer, stated that the company will continue to focus on re-commerce—buying and selling second-hand items—alongside its original role as an online classified listings app. The company also plans to leverage artificial intelligence as a "force multiplier" to support its growth.

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Overview: This article shows limited framing pressure in the available source text. The Singapore-based platform for buying and selling used goods reports its first adjusted operating profit, marking a key milestone in its transition from classifieds to a managed re-commerce business.

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