Farfetch Limited (FTCH) Tops Q3 EPS by 19c
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Farfetch Announces Third Quarter 2019 Results
November 14, 2019 4:01 PM ESTExceeds Q3 2019 Guidance - Beats on Both Digital Platform GMV and Adjusted EBITDA Margin Strong Outlook for Q4 2019 - Raises Expectations for Adjusted EBITDA and Reiterates Platform GMV Growth Rate Continued to Expand Share of Online Luxury Market - Q3 2019 Digital Platform GMV of $420 million, Up 37% Year-Over-Year, or approximately 40% on Constant Currency Basis Stronger Unit Economics - Digital Platform Order Contribution Margin Up to 31% and Gross Margin to 45% in Q3 2019, From 28% and 41%, Respectively, in Q2 2019 Adjusted EBITDA Loss Margin Improved to (16)% from (29)%, Loss After Tax Margin Improved to (33)% from... More
