Farfetch Sees FY23 Revenue $2.5B Vs $2.8B Est.
Portfolio Pulse from Happy Mohamed
Farfetch has released its financial expectations for FY23, predicting a revenue of approximately $2.5 billion, up from $2.3 billion in 2022. The company also expects a Group GMV of $4.4 billion, a Digital Platform GMV of $3.85 billion, and a Brand Platform GMV of $0.45 billion. The Digital Platform Order Contribution Margin is expected to rise to 33-35%, and the company anticipates a positive Adjusted EBITDA Margin up to 1%, improving from -5% in 2022.
August 17, 2023 | 8:08 pm
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Farfetch's FY23 revenue forecast is lower than the estimated $2.8 billion. However, the company expects improvements in other financial metrics such as GMV and EBITDA margin.
Farfetch's revenue forecast for FY23 is lower than the market estimate, which could negatively impact the stock price in the short term. However, the company's expectations of improvements in other financial metrics such as GMV and EBITDA margin could potentially offset some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100