Company Earnings Update 3 minutesRegister for Free AccessFarfetch (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? Register for a free user account. This document was generated for Other research you may be interested in: International Travel in China: New Competition as WeChat Pay and Alipay Accept Foreign Payment Cards?Fewer Consumers Adjust Shopping Behavior To Cope with Inflation: US Consumer Survey Insights 2023, Week 37Analyst Corner—A Budget for Retail? Reviewing the UK’s 2024 Finance Update with John MercerWeekly US and UK Store Openings and Closures Tracker 2024, Week 1: Rothy’s Plans To Open 10 US Stores