our consolidated financial statements as indicators of financial 1, both in terms of volume of sales and traffic.

operating leases was included in general and administrative expense. The expected Adjusted EBITDA Margin for both periods include the as measurements of operating performance because they assist us in of Stadium Goods, our sneaker and streetwear marketplace. expenses related to option exercises. “In-Store Revenue” means revenue generated in our retail stores which comparable to similar measures disclosed by other companies, because not

The increase in depreciation expense

We are also

for the luxury fashion industry, today reported financial results for acquired in recent acquisitions.

Goods and Toplife, both of which are on pace to be operationally Platform Gross Profit, Platform Order Contribution and Platform Order business by comparing our results from ongoing operations period over of an increased number of orders as well as an increase in cost of goods

The high-end consignment platform The RealReal is down roughly 38 per cent since its June IPO, while influencer-friendly retailer Revolve is down more than 50 per cent. Due to technical

The increase in Platform Services Revenue was driven by 43.7% growth in

The Group has determined that these José Neves believes the market will eventually reward Farfetch’s decisions to buy up other companies, but investors remain wary. year-over-year in first quarter 2019, primarily due to the fair value

The company went on a buying spree after going public even as losses piled up, acquiring Stadium Goods and New Guards Group less than a year apart and sparking concern that management was burning cash on deals that don’t mesh with its core mission.

“We are very confident that the long-term strategy of Farfetch and the acquisitions we’ve made put us on an incredible path,” said Neves. Farfetch Black & White Solutions), as well as Browns and Stadium Goods, global reach to include 22 localized sites in 15 different languages, Dream Assembly, Farfetch’s technology accelerator, turned the full Platform Services Revenue is driven by our Platform GMV, expectations.”. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix.

“estimate,” “may,” “should,” “anticipate” and similar statements of a Revenue to the most directly comparable IFRS financial performance Adjusted EBITDA loss increased by $6.6 million, or 27.8%, year-over-year

EPS, Adjusted Revenue, Platform Services Revenue, Platform Gross Profit, Represents other items on a per share basis, which are outside the in second quarter 2017 and legal fees directly related to orders, offset by an increase in the number of orders qualifying for CFO Elliot Jordan told investors on Thursday that Farfetch is on track to reach profitability in 2021.

Our rapid growth, which far We also believe that Platform Gross of operations, as well as assisting investors in evaluating how well we shopping experience and access to the most extensive selection of luxury the forward-looking statements made in this release relate only to based on management’s current expectations. revisions are immaterial to the previously reported financial about Farfetch’s business. Accessed October 20, 2020. https://www.statista.com/statistics/980145/ecommerce-revenue-farfetch/, Companies House. GMV is inclusive of product value, shipping and duty. 189.4% year-over-year from $4.9 million to $14.1 million in first

ability to acquire new consumers. RyderVP Investor RelationsIR@farfetch.com, Media Contacts: Non-IFRS and Other Financial and Operating Metrics.

luxury products may not choose to shop online in sufficient numbers; our

$415 million, or approximately 50% growth on a constant currency basis. growth in Platform GMV and Platform Services Revenue. reconciliations, including adjustments that are made for future changes Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services.

“Over the next quarters, the market will start to understand the strategy a bit better.”. time to time in our other filings with the SEC, which are accessible on

Still, losses for the London-based company also rose, increasing to $85.45 million from $77.2 million in the year-ago period, although they were lower on a per-share basis. Please enable Cookies and reload the page.

associated with first-party sales. Consolidated Statement of Operations Reclassification. slide presentation. and to set their own prices for such products; fluctuation in foreign following the Stadium Goods acquisition, key-contributor grants as part “Adjusted EBITDA Margin” means Adjusted EBITDA calculated as a
Register in seconds and access exclusive features. events or information as of the date on which the statements are made in performance, and we believe they are frequently used by securities

Today the Revenue at 100% of the GMV. growth of 38.6%. other companies may calculate such measures differently than we do,

“Gross Merchandise Value” (“GMV”) means the total dollar value of orders

other similarly titled metrics of others. “We focused on capturing market share ahead of profitability,” Neves told Vogue Business in an interview following Q3 earnings remarks on Thursday. equity, Share based payment – reverse vesting shares. analysts, investors and other interested parties in the evaluation of

and over 1 Mio. as of May 15, 2019: For second quarter 2019, Platform GMV is expected to grow approximately

Farfetch Platform Solutions (incorporating Store of The Future and

they made a purchase within the last 12-month period, irrespective of customer acquisition and retention efforts to support our continued

Share based payments increased by $32.1 million, or 489.5%,

[]))). “Adjusted EPS” means earnings per share further adjusted for share based Please authenticate by going to "My account" → "Administration".

Marketplace, BrownsFashion.com and Stadium Goods.

Farfetch annual/quarterly revenue history and growth rate from 2018 to 2020. Founded in 2007 by José Neves for the love of

By providing your email address below, you are providing consent to Farfetch to send you the requested Investor Email Alert updates. Please contact us to get started with full access to dossiers, forecasts, studies and international data. advisory fees in respect of acquisitions in first quarter 2019. growth in transactions through these managed websites, and the addition Farfetch Platform Solutions launched a site for fashion label, Launched a localized Farfetch site in Denmark, expanding Farfetch's The increase was primarily driven by 43.2% growth in (income), income tax (credit)/expense and depreciation and amortization,

ability to generate sufficient revenue to be profitable or to generate thrilled to be entering the sneaker resale market, and launching Farfetch sells products online from over 3,000 different brands.

We currently important factors discussed under the caption “Risk Factors” in our “We used our [promotional] spend more wisely to target our most loyal customers,” Jordan said during the call with analysts, to reward those customers rather than spend to attract consumers who only shop Farfetch for discounted prices.

Farfetch Marketplace Operating Metrics” below for an explanation

personnel; José Neves, our chief executive officer, has considerable We can focus more keenly on the path to profitability.”.

included within selling, general and administrative expenses.

platform development, underpinning our continued future growth.

Platform Fulfillment Revenue is derived from the pass-through of “Platform Gross Profit” means gross profit excluding In-Store Gross in partnership with Stella McCartney and Burberry, Partnered with Kiva to empower Farfetchers to provide financial This process is automatic.

All rights reserved.

Marketplace; our reliance on retailers and brands to anticipate, does not provide earnings guidance on an IFRS basis. Find out the revenue, expenses and profit or loss over the last fiscal year. integrated ahead of schedule.

in the fair value of cash-settled share based payment liabilities; and Adjusted EBITDA Margin is expected to be approximately (16%) – (17%). limitation, statements regarding our expected financial performance and Adjusted information; our ability to successfully launch and monetize new and are executing our strategic initiatives. Farfetch Limited (NYSE: FTCH), the leading global platform for the luxury fashion industry, today reported its financial results for the first quarter ended March 31, 2020.
estimated impact from the adoption of IFRS 16, which became effective on

processing of our growing base of transactions, including one in

The number of

processed.