Farfetch Limited (FTCH) Tops Q1 EPS by 9c, Revenues Miss
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Farfetch Announces First Quarter 2020 Results
May 14, 2020 4:01 PM EDTResults demonstrate strength of platform model within the luxury industry; continued market share gains Well-capitalized to continue on path to Adjusted EBITDA profitability targeted for full year 2021 Q1 2020 Gross Merchandise Value up 46% year-over-year; Digital Platform GMV up 19% year-over-year (20% on constant currency basis) $107 million Brand Platform GMV in Q1 2020 on continued strength of New Guards brand portfolio Q1 2020 Revenue increased 90% year-over-year to $331 million Q1 2020 Loss After Tax remained relatively unchanged and Adjusted EBITDA improved, year-over-year; Adjusted EBITDA Margin improved to (7)% Cash and cash equivalents of $422 million at quarter-end;... More
