Revenue at Farfetch continues to grow in the third quarter, with gross merchandise value up by 53% and revenue also up by 52%. Number of active customers rose by 42% and number of total orders was up by 55%.
Farfetch’s recent IPO has left them ‘well capitalised with $1 billion in cash and cash equivalents’ at the end of the quarter.
Total revenue rose from $86.9 million to $132.1 million, and GMV was up from $204.6 million to $309.9 million.
However the company still remained at a loss, with adjust EBITDA was -$32.3 million. The net loss soared to $77.2 million from $28.1 million this time last year.
