Farfetch Limited (FTCH) Tops Q2 EPS by 7c, Revenues Miss; Guides Lower

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Go back to Farfetch Limited (FTCH) Tops Q2 EPS by 7c, Revenues Miss; Guides Lower

Farfetch Announces Second Quarter 2023 Results

August 17, 2023 4:05 PM EDT

Digital Platform GMV and Digital Platform Services Revenue growth accelerate to 7% and 10% year-over-year Strong supply growth of over 40% year-over-year on the Farfetch Marketplace Record Active Consumers of 4.1 million, up 7% year-over-year Operating cost base reduced year-over-year, delivering operating cost leverage Progress on strategic initiatives underpins 2023 expectations for strong growth, Adjusted EBITDA profitability and positive Free Cash Flow

LONDON--(BUSINESS WIRE)-- Farfetch Limited (NYSE: FTCH) ("Farfetch" or the "Company"), the leading global platform for the luxury fashion industry, today reported... More