Core Insights - Zalando's revenues increased by 26.5% in Q3, reaching 3.02 billion euros, while gross merchandise value (GMV) rose by 21.6% to 4.21 billion euros [1][2] - The company reported an 11.4% growth in revenues for the first nine months of 2025, totaling 11.82 billion euros [2] - The significant growth in Q3 is attributed to the acquisition of About You, with pro-forma revenue growth at 7.5% and GMV growth at 6.7% if About You had been included in the previous year's figures [3] Performance Metrics - Zalando's active customer base grew by 21.9% to 61.4 million, and total orders increased by 18.4% to 68.5 million [4] - The average basket size slightly increased from 61 euros to 61.80 euros, although the average orders per customer decreased from 4.9 to 4.8 [4] - Adjusted EBIT improved to 96 million euros in Q3, with an EBIT margin of 1.6% [5] Future Outlook - Zalando confirmed its previous guidance, expecting mid-single-digit growth for the second half of the year due to an uncertain economic climate [6] - Group revenues are projected to rise between 14% and 17% in 2025, but pro-forma revenue and GMV growth for the full year are expected to be between 4% and 7% [7] - Adjusted EBIT is anticipated to be between 550 million and 600 million euros [7]