Farfetch Announces Fourth Quarter and Full Year 2022 Results

 

  • Record Revenue in 2022 of $2.3 billion, up 3% year-over year (or up 12% year-over-year at constant currency) 
  • 2022 GMV decreases 4% year-over-year to $4.1 billion (or increases 2% year-over-year at constant currency) 
  • Q4 2022 Revenue decreases 5% year-over-year (or increases 2% year-over-year at constant currency) to $629 million 
  • Q4 2022 Gross Merchandise Value (“GMV”) decreases 12% year-over-year (or decreases 5% year-over-year at constant currency) to $1.1 billion 
  • Q4 2022 Digital Platform GMV decreases 12% year-over-year (or decreases 6% year-over year at constant currency) to $1.0 billion 
  • Q4 2022 Brand Platform GMV decreases 15% year-over-year (or decreases 3% year-over year at constant currency) to $100 million 
  • Q4 2022 Gross Profit Margin of 41.1% (a decrease of 600 bps year-over-year) and Digital Platform Order Contribution Margin of 31.5% (a decrease of 90 bps year-over-year) 
  • Q4 2022 Loss after Tax of $177 million 
  • Q4 2022 Adjusted EBITDA of $(35) million 
  • Cash and Cash Equivalents of $734 million as of December 31, 2022

 

Download the press release here