Company Earnings UpdateFarfetch (NYSE: FTCH) 1Q19 Results: Strong Growth Driven by Platform GMV Coresight Research May 16, 2019 Executive Summary Farfetch 1Q19 revenues grew 38.6% to $174.1 million, beating the $171.1 million consensus estimate, primarily driven by 43.2% growth in platform services revenue to $141.8 million. GMV rose 43.2% to $419.3 million, driven mainly by an increase of 64.3% in active consumers to 1.7 million. The company reported adjusted EPS of $(0.22), missing the $(0.15) consensus estimate but improving from $(0.18) in the year-ago quarter. Guidance for 2019 includes 41% growth in GMV and an adjusted EBITDA margin of (16-17)%, slightly higher than the 4Q18’s outlook of 40% growth in GMV and an adjusted EBITDA margin of (18-19)%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Big Tech’s AI Application and Computing-Power Arms Race, with Charlie Poon3Q24 US Retail Inventory Insights: Apparel, Off-Price and Warehouse Club Retailers Expand Inventories for the HolidaysWeekly US Store Openings and Closures Tracker 2025, Week 48: American Signature, Bed Bath & Beyond and Saks To Close StoresMarch 2025 US Retail Sales Outlook: Lowering Our Retail Growth Projections in an Uncertain Context
