Blue Apron reported more revenue than forecast and a smaller-than-expected loss in its first quarterly earnings release as a public company on Thursday.
The mealkit-delivery service said it earned $238.1 million in revenue, topping analysts' forecast for $235.8 million according to Bloomberg. It posted an adjusted EBITDA loss of $23.9 million, less than the expectation for a loss of $24.3 million.
Blue Apron shares rose by as much as 4% in premarket trading. The stock has been crushed since it started trading in June amid concern that Amazon's entry into the meal delivery space would crimp its market share.