Company Earnings UpdateFarfetch (NYSE: FTCH) 2Q19 Results: Strong Growth Driven by Platform GMV Coresight Research August 9, 2019 Executive Summary Farfetch 2Q19 revenues grew 42.7% to $209.3 million, beating the $199.7 million consensus estimate, as platform GMV expanded 44.3% to $488.5 million. Active users increased 55.7% to 1.8 million. The company reported an adjusted loss of $(0.15) per share, in line with the consensus estimate and versus a $(0.05) per share loss in the year ago quarter. The outlook for 2019 GMV was increased to reflect the New Guards acquisition as well as the prevailing heightened promotional environment for luxury. GMV is projected at $2.1 billion, up about 50%; platform GMV is estimated at $1.91-1.95 billion, a 37-40% gain, and an adjusted EBITDA loss of $(135) to $(145) million for an adjusted EBITDA margin of (15)% to (17)%. 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: The New Coresight 100: Leading the Retail Charge in 2025Downward Trend in Economic Expectations Ends: Weekly US Consumer Sentiment, Week 17, 2025—InfographicHow Will Tariffs Impact China’s Singles’ Day 2025? Six Months To Go—What Brands and Retailers Need to KnowHoliday Shopping Starts in the Summer: Tariffs Trigger Ultra-Early Holiday Shopping in 2025—Data Graphic
