Farfetch Limited (FTCH) Tops Q4 EPS by 26c
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Farfetch Announces Fourth Quarter and Full Year 2020 Results
February 25, 2021 4:06 PM EST2020 Gross Merchandise Value Exceeds $3 billion, up 49% year-over-year 2020 Revenue increases 64% year-over-year to $1.7 billion Strong Q4 2020 Gross Merchandise Value and Digital Platform GMV growth - up 43% and 49% year-over-year, respectively, to record highs of $1.1 billion and $939 million, respectively Q4 2020 Revenue increases 41% year-over-year to $540 million Q4 2020 Digital Platform Order Contribution Margin improves 310 bps year-over-year to 35%; Gross Profit Margin remains flat year-over-year at 46% Q4 2020 Loss After Tax of $2.3 billion includes $2.1 billion non-cash impact of higher share price on items held at fair value and remeasurements Achieves first ever quarter... More
