May 09, 2022 I Finance

Reverb Reports Q1 of 2022 as Strongest Yet

Reverb has announced its sellers had their best quarter on record during Q1 of 2022. In the first three months of 2022, sales reached a new quarterly high, slightly outpacing the strong growth experienced in the first three months of 2021. According to Reverb, this growth was propelled by steady demand for a wide range of gear and consumers’ continued interest in purchasing music gear online.

“Sellers on Reverb continue to see high demand for guitars, synthesizers, pedals, drum machines, interfaces and more. Encouragingly, players who’ve leaned into music-making since the onset of the pandemic appear to be sticking with it,” said David Mandelbrot, Reverb’s CEO. “As these players continue to evolve their playing, more and more they’re selling their used gear on Reverb and trading up, finding the next great piece of gear from the dealers and brands on Reverb. From our sellers, new players are finding a huge variety of gear and a great experience, which keeps them coming back again and again.”

In the first quarter of 2022, Reverb announced it had expanded the hours that buyers and sellers could get support from Reverb Support. The Reverb Support team is now available via live chat from 3 a.m.–9 p.m. CT on Monday–Friday, as well as 10 a.m.-4 p.m. CT on Saturday and Sunday. The team plans to continue expanding the ways in which Reverb users can get in touch, including making phone support available by the end of the year.

Additionally, Reverb introduced Calculated Shipping to help bring added clarity to USPS shipping rates. When an item sells, Reverb’s new Calculated Shipping feature automatically calculates the exact shipping cost based on the location of the buyer. The buyer pays for shipping, Reverb provides the label, and all a seller needs to do is send the package.

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