Farfetch(US:FTCH)2022-11-17 21:29Q3 2022 Performance Overview - Group GMV reached $967 million, while adjusted revenue amounted to $515 million[6,7] - Digital Platform GMV was $787 million, with adjusted revenue of $325 million[6,7] - Brand Platform GMV reached $148 million, generating $162 million in revenue[6,7] - In-Store GMV totaled $32 million, resulting in $28 million in revenue[6,7] - Adjusted EBITDA stood at $(4) million, representing a margin of (0.8)% of adjusted revenue[6] Digital Platform Analysis - Digital Platform Services Revenue was $325 million, comprising $139 million from 1P and $186 million from 3P[7] - Digital Platform Gross Profit was $167 million, with a gross profit margin of 51%[9,31] - Digital Platform Order Contribution Margin was 32%, driven by leveraged demand generation expense[14] - Demand generation expense as a percentage of Digital Platform GMV decreased to 8%[14] Cost Structure - General and Administrative (G&A) expenses accounted for 35% of Adjusted Revenue[19] - Technology Spend represented 13% of Adjusted Revenue, with Technology Expense at 6%[19,23]