Q3 sales jump 71 percent at Farfetch, GMV improves 62 percent

Gross merchandise value at Farfetch for the third quarter increased by 305.8 million dollars 797.8 million dollars, representing year-over-year growth of 62.2 percent. The company said in a statement that digital platform GMV increased by 253.8 million dollars to 674.1 million dollars, growth of 60.4 percent. Revenue for the quarter increased by 182.2 million dollars to 437.7 million dollars, rise of 71.3 percent, which was driven by 68.1 percent growth in digital platform services revenue to 263 million dollars, plus the impact of the acquisition of New Guards during third quarter 2019.