Farfetch Ltd (NYSE:FTCH) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET

Company Participants

Alice Ryder - VP, IR

José Neves - Founder, Chairman & CEO

Stephanie Phair - Group President

Elliot Jordan - CFO

Conference Call Participants

Irwin Boruchow - Wells Fargo Securities

Douglas Anmuth - JPMorgan Chase & Co.

Lauren Schenk - Morgan Stanley

Abhinav Sinha - Societe Generale

Stephen Ju - Crédit Suisse

Kunal Madhukar - UBS

Blake Anderson - Jefferies

Edward Yruma - Piper Sandler & Co.

Operator

Good afternoon, and welcome to Farfetch Q4 2022 Results Conference Call. My name is Leila and I will be your conference operator today. [Operator Instructions].

Thank you. I'd now like to turn the call over to Alice Ryder, VP of Investor Relations. Ms. Ryder, you may begin your conference.

Alice Ryder

Hello, and welcome to Farfetch's fourth quarter and full year 2022 conference call. Joining me today to discuss our results are Jose Neves, our Founder, Chairman and Chief Executive Officer; Elliot Jordan, our Chief Financial Officer; and Stephanie Phair, our Group President. Please note that during today's call, we will also be displaying a slide presentation throughout our prepared remarks, which can be accessed as part of the live webcast at farfetchinvestors.com. Following the call, the slide presentation will also be uploaded to the site.

Before we begin, we would like to remind you that our discussions today will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and forward-looking statements made today speak only to our expectations as of today. We undertake no obligation to publicly update or revise them. For a discussion of some of the important risk factors that could cause actual results to differ, please see the Risk Factors section of our Form 20-F filed with the SEC on March 4, 2022. In addition, we will refer to certain financial measures not reported in accordance with IFRS on this call. You can find reconciliations of these non-IFRS financial measures to the IFRS financial measures in our earnings press release, which is available on our website at farfetchinvestors.com.

And now I'd like to turn the call over to Jose.

José Neves

Hello, everyone. Thank you for joining us today. I'm pleased to report that in Q4, we delivered group GMV in line with our expectations to achieve $4.1 billion of GMV and $2.3 billion of revenue for full year 2022. I want to highlight that in spite of unprecedented macro headwinds throughout the year, this result means, Farfetch has continues to capture market share on a 3-year stack basis with an approximate doubling of our GMV since the onset of the COVID-19 pandemic.