Company Earning Updates 3 minutesFarfetch (NYSE: FTCH) 2Q19 Results: Strong Growth Driven by Platform GMV Author By Coresight Research August 9, 2019 0 likes758 views 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: Other research you may be interested in: