Farfetch posts Q4 revenue increase of 41.3 percent

Farfetch Limited reported gross merchandise value (GMV) increase of 317.1 million dollars to 1,057 million dollars in fourth quarter 2020, representing year-over-year growth of 42.8 percent. The company said in a statement that digital platform GMV increased by 310.8 million dollars to 939.4 million dollars in the fourth quarter, representing growth of 49.4 percent. The company’s revenue increased by 157.9 million dollars to 540.1 million dollars, representing growth of 41.3 percent. The company’s loss after tax increased by 2,170.9 million dollars year-over-year to 2,281 million dollars, while adjusted EBITDA improved by 28.3 million dollars to 10.4 million dollars and adjusted EBITDA margin improved from negative 5.3 percent to 2.2 percent.