Key 3Q25 takeaways include: 1) trade-in scenarios remain a key driver of transaction volume growth, with building demand for RERE's programs given rising prices for new devices, as well as the company's focus on optimizing pricing, elevating user experiences, and stepped-up branding initiatives 2) in addition to the company's door-to-door fulfillment capabilities, RERE's growing network of AHS stores continues to drive enhanced accessibility and more favorable economics, with 1,000+ locations now offering multi-category recycling services and 3) a key priority for senior management remains building the AHS brand to raise customer awareness, enhance loyalty, and support engagement, with specific initiatives including partnering with consumer brands and deepening community relationships to position AHS as the leading recycling ecosystem.
