Farfetch Limited (NYSE: FTCH) reported Q3 EPS of ($0.17), $0.19 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $583 million versus the consensus estimate of $591.34 million.

• Digital Platform Gross Merchandise Value (“GMV”) two-year growth accelerates to 97% in Q3 2021; Generates $828 million Digital Platform GMV, up 23% year-over-year
• Group GMV exceeds $1 billion, up 28% year-over-year and more than double compared to Q3 2019

“We are seeing strong industry traction behind our platform strategy. Over 1,400 brands and retailers are not only listing more luxury products than ever, but also driving record media solutions revenue in recognition of our highly valuable customers. And with accelerating interest in our Luxury New Retail vision, Farfetch Platform Solutions is shaping up to revolutionize the digitization of the luxury experience and unlock significant potential for Farfetch.”

Elliot Jordan, CFO of Farfetch, said: “I am very pleased by Farfetch’s performance across the third quarter, with GMV more than doubling on a two-year basis and achieving profitability at the Adjusted EBITDA level. Our performance shows that we are navigating an unprecedented market environment, and we continue to deliver on actions to sustain Adjusted EBITDA profitability moving forwards.”

For earnings history and earnings-related data on Farfetch Limited (FTCH) click here.