Redbubble (ASX:RBL) shares leaped by as much as 39.1% to A$0.64 today, marking its best performance day since June 2020.

The online marketplaces for artists confirmed a Q1 underlying cash flow increase, with an impressive surge of A$16.9 million to a positive cash flow of A$0.7 million.

Gross profit after paid acquisition (GPAPA) also climbed 14% to A$26.5 million for Q1.

The company noted that operating expenses stood at A$23.3 million, 32% lower than the previous corresponding period.

Redbubble has also reassured investors with its reaffirmed FY24 GPAPA margin guidance, to lie in the range of 23% to 26%.

Compared with the 30-day average volume of 124,040, about 523,120 shares changed hands.

Despite the day’s positive performance, the stock is down by 11.5% YTD as of its last close.

Redbubble is an online marketplace that allows artists to sell their art.