Thread by @OphirGottlieb

$FTCH

* Revenue: $485M versus $458.79M
* EBITDA: -$19M versus -$20.2M

/1

$FTCH

* Revenue: $485M versus $458.79M
* EPS: -$0.22 vs -$0.26
* EBITDA: -$19M versus -$20.2M

/2

$FTCH

Upgrades Digital Platform GMV outlook for full year 2021

/3

$FTCH

Q1 2021 Gross Merchandise Value and Digital Platform GMV growth of 50% and 60% year-over-year, respectively, to $916 million and $790 million, respectively

/4

$FTCH

Guidance For Full Year 2021:

Digital Platform GMV of $3.725 billion to $3.865 billion, representing growth of 35% to 40% year-over-year

Adjusted EBITDA margin of 1% to 2%

/5

$FTCH

Guidance

For Second Quarter 2021:

Digital Platform GMV of $910 million to $945 million, representing growth of 40% to 45% year-over-year

Brand Platform GMV of $50 million to $60 million

Adjusted EBITDA of $(23) million to $(25) million

$FTCH

* GMV: $915.6M vs $872.3 (beat)

* GMV Dig Platform: $790.0 vs $753.3M (beat)

/7

$FTCH

Brand Platform Revenue: $112.3M vs $100.4M (beat)

Digital Platform Fulfilment Revenue: $76.2M vs $58.1M (beat)

/8

$FTCH

Third-party Digital Platform GMV take rate:
29.7% vs 28.9% (beat)

/9

$FTCH

Beats
* Revenue
* Digital Platform Fulfilment Revenue
* Brand Platform Revenue
* GMV
* GMV Dig Platform
* Average Order Value (“AOV”)
* Third-party Digital Platform GMV take rate
* EPS
* EBIDTA
* Active Consumers

Miss
* Digital Platform Services Revenue

/10

$FTCH

CFO:

"As we look at Western markets, Google share of search, which measures our portion of organic searches among our peer set, is a strong proxy for consideration. In Q1, we have seen our share of search in our largest market, the U.S., increase by 36% year-on-year"

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