FARFETCH Announces Second Quarter 2022 Results

  • Q2 2022 Gross Merchandise Value (“GMV”) increases 1.3% year-over-year (or increases 7.6% year-over-year at constant currency) to $1 billion;

 

  • Q2 2022 Digital Platform GMV decreases 3.3% year-over-year (or increases 1.6% year-over-year at constant currency) to $883.1 million;

 

  • Q2 2022 Brand Platform GMV growth of 47.3% year-over-year (or 68.4% year-over-year at constant currency) to $107.1 million;

 

  • Q2 2022 Revenue increases 10.7% year-over-year (or increases 20.7% year-over-year at constant currency) to $579.3 million;

 

  • Q2 2022 Gross Profit Margin of 46.2% and Digital Platform Order Contribution Margin of 31.7%;

 

  • Q2 2022 Profit after Tax of $67.7 million (includes non-cash benefit arising from impact of lower share price on items held at fair value and remeasurements);

 

  • Q2 2022 Adjusted EBITDA of $(24.2) million;

 

  • Cash, Cash Equivalents, and Short-term Investments of $675.2 million as of June 30, 2022.

 

Full Press Release here