Farfetch Limited, the London-based fashion retailer, saw its gross merchandise value (GMV) reach US $ 1,017 million at a growth of 27.5 per cent in Q3.
The digital GMV rose by 22.9 per cent to clock US $ 828.8 million in the third quarter.
The revenue for the British-Portugese retailer increased by US $ 144.9 million to US $ 582.6 million in Q3 – at a growth of 33.1 per cent.
The retailer said that the jump was majorly driven by digital platform revenue that grew by 26.5 per cent to clock US $ 397.1 million – not to mention the 47.2 per cent growth in brand platform revenue to post US $ 165.3 million.
It is worth stating that digital platform GMV growth on a two-year basis accelerated sequentially from 89 per cent in Q2 2021 to 97 per cent in Q3 2021.
Notably, this was led by key luxury markets that included the US, Mainland China, the UK, Middle East, Germany and Russia, which more than doubled in two years.
Farfetch’s digital platform services revenue jumped by 21.4 per cent, driven by 22.9 per cent overall growth in digital platform GMV with digital platform services first-party GMV, including first-party original, increasing by 26.3 per cent to US $ 133.7 million.
The retailer’s profit after tax rose by US $ 1,306.1 million from a loss of US $ 537 million to a profit of US $ 769.1 million in third quarter of 2021.
For Q4, Farfetch now expects digital platform GMV growth of 18 per cent to 22 per cent, brand platform GMV growth of 20 per cent to 25 per cent and adjusted EBITDA of approximately US $ 40 million.
Farfetch was founded in 2007 and is known for selling products from more than 700 boutiques and brands worldwide. It is majorly known for its clothes and shoes.
Bharat Tex Special Report 2026 
