Farfetch (FTCH) PT Lowered to $42 at Cowen
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Farfetch Announces Third Quarter 2021 Results
November 18, 2021 4:06 PM ESTDigital 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 Q3 2021 Revenue increases 33% year-over-year to $583 million Q3 2021 Gross Profit Margin of 43%; Digital Platform Order Contribution Margin of 27% Q3 2021 Profit After Tax of $769 million includes $901 million non-cash benefit arising from impact of lower share price on items held at fair value and remeasurements Q3 2021 Adjusted EBITDA improves to $5 million from $(10) million in Q3... More
