Yes, Rare Beauty is making money. In 2022, the company generated around $70 million in revenue. This impressive figure highlights Rare Beauty’s success in the beauty industry.
Rare Beauty has also been valued at a whopping $2 billion. This valuation shows the brand’s strong market presence and consumer popularity.
Founded by Selena Gomez, Rare Beauty has quickly gained a loyal customer base. The brand’s focus on inclusivity and self-expression resonates with many people.
The company offers a range of makeup products that cater to diverse skin tones. Their commitment to quality and accessibility has garnered positive reviews and repeat customers.
In summary, Rare Beauty is not just surviving but thriving. The brand’s significant revenue and high valuation are clear indicators of its financial success.