Hims & Hers Gets 17-Fold Explosion in Overseas Business
Dow Jones
Aug 11
1738 ET [Dow Jones]--Hims & Hers said its international business had a 17-fold explosion in growth for 2Q. So-called "rest of the world" revenue came in at $131.4 million, compared with just $7.5 million in the same quarter a year ago. The overseas business now makes up a significant chunk of the company's overall revenue, stacking against $621.8 million in domestic revenue for 2Q. The company officially entered Canada in December and finalized the acquisition of Zava, a platform in Europe, last year. The company just closed its acquisition of Eucalyptus, a digital platform that will help it expand into Australia and Japan while growing its presence in the U.K., Germany and Canada.
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