Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earning Updates 3 minutes

Farfetch (NYSE: FTCH) 1Q19 Results: Strong Growth Driven by Platform GMV

Coresight Research

Key Points

  • 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 Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in: