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

Farfetch (NYSE: FTCH) 2Q19 Results: Strong Growth Driven by Platform GMV

Coresight Research

Key Points

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

Other research you may be interested in:

Do NOT follow this link or you will be banned from the site!