FARFETCH Announces Fourth Quarter and Full Year 2021 Results

 

  • Record 2021 Gross Merchandise Value (“GMV”) of $4.2 billion, up 33% year-over-year and up 98% compared to 2019
  • 2021 Revenue increases 35% year-over-year to $2.3 billion
  • Q4 2021 GMV and Digital Platform GMV each increase 22% year-over-year to $1.3 billion and $1.1 billion, respectively
  • Q4 2021 Revenue increases 23% year-over-year to $666 million
  • Q4 2021 Gross Profit Margin of 47.1%; Digital Platform Order Contribution Margin of 32.4%
  • Q4 2021 Profit After Tax of $97 million includes $217 million non-cash benefit arising from impact of lower share price on items held at fair value and remeasurements
  • Delivers $36 million Adjusted EBITDA in Q4 2021 for positive Adjusted EBITDA for full-year 2021

Download the Press Release here.