After more than two years of fee changes, layoffs and leadership turnover, Mercari US closed fiscal 2026 with a combination it has struggled to deliver during the turnaround: GMV and active users both grew year over year in Q4.US marketplace GMV increased 15% to $208 million, while Monthly Active Users reached 4.2 million, up 4% from the year-ago quarter. Revenue increased 21% to ¥10.4 billion and the US business posted ¥400 million in core oper…
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