The net losses of Farfetch increased by 10.6 percent to $85.5 million in the quarter ended on Sept. 30, but they were lower than analysts had expected. The gross margin declined by five full percentage points to 50.1 percent. The adjusted Ebitda margin remained negative, but it declined to 15.6 percent of sales from 28.7 percent a year ago as revenues made a spectacular jump, leading to a short-lived spurt in the company's battered share price.

The luxury marketplace saw its net revenues surge by 90.3 percent to $255.5 million, thanks to organic growth and contributions from recent acquisitions such as that of Stadium Goods, the leading marketplace for sneakers and streetwear. The gross merchandise value (GMV) grew by 58.7 percent to $492 million, including a 40 percent currency-neutral increase on its digital platform, whose gross margin declined by 7.1 percentage points to 53.2 percent.

The number of active customers increased to 1.9 million. Farfetch said it continued to sign up more brands and to expand partnerships with brands and retailers on its marketplace, including Prada and Saint Laurent. Its business with the top ten brands more than doubled. All the 100 major direct brand partners of Farfetch have remained loyal over the past three years.

The total number of brands on its marketplace is getting close to 500 following the addition of Golden Goose. It hosts more than 700 retailers on its website, with the addition recently of Sunglass Hut International. The recently acquired New Guards and its brands, including Off-White and Marcelo Burlon County of Milan, have been integrated into its marketplace.

The company is still expecting an adjusted Ebitda loss of between $21 million and $31 million in the fourth quarter, in spite of continued GMV growth on its digital platform of 30 to 35 percent.

Investors were not happy with the results published by Farfetch in August and some of its recent cash-burning acquisitions. Their disappointment persisted after the release of the latest quarterly results yesterday, as the stock opened at $7.96 this morning, close to a 52-week low of $7.43. At only $2.2 billion, the stock market capitalization of the company is much lower than the valuation of $6.2 billion made when it went public 14 months ago.