Farfetch Limited (FTCH) Tops Q3 EPS by 23c
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Farfetch Announces Third Quarter 2020 Results
November 12, 2020 4:06 PM ESTQ3 2020 Gross Merchandise Value and Digital Platform GMV growth rates accelerate up 62% and 60% year-over-year, respectively, to record highs of $798 million and $674 million, respectively Q3 2020 Revenue increases 71% year-over-year to $438 million Q3 2020 Gross Profit and Digital Platform Order Contribution up 82% and 98% year-over-year, respectively Gross Profit Margin of 48% and Digital Platform Order Contribution Margin of 37% Q3 2020 Loss After Tax of $537 million Q3 2020 Adjusted EBITDA improved to $(10) million from $(36) million in Q3 2019 Announced global partnership with Alibaba and Richemont to accelerate the digitization of luxury industry; strategic... More
