Fiserv earnings missed by $0.61, revenue fell short of estimates
MUNICH - On Thursday, LuxExperience B.V. (NYSE:LUXE) reported strong fourth quarter results, with its Mytheresa business showing robust growth despite challenging market conditions. The company, which recently acquired YOOX NET-A-PORTER (YNAP), posted significant increases in both revenue and profitability.
The luxury multi-brand digital platform’s shares surged 59.12% in pre-market trading after the results.
The company reported fourth quarter net sales of €587.8 million, with its Mytheresa segment delivering an 11.5% YoY increase to €248.9 million compared to €223.2 million in the same period last year. Mytheresa’s adjusted EBITDA reached €16.1 million, up from €10.6 million in Q4 FY24, representing an adjusted EBITDA margin of 6.5%, an improvement of 180 basis points.
Customer metrics for Mytheresa showed exceptional strength, with GMV per customer increasing 13.0% and GMV per top customer rising 16.1% compared to Q4 FY24. The average order value grew 10.0% to €773.
"I am extremely pleased with the results of our Mytheresa business. We have demonstrated clear operational and financial leadership in digital luxury," said Michael Kliger, Chief Executive Officer of LuxExperience. "LuxExperience is in a remarkable position to become the one and only destination for luxury enthusiasts worldwide, bringing together some of the most iconic brands in digital luxury retail."
For fiscal year 2026, the company expects GMV between €2.5 billion and €2.9 billion, with an adjusted EBITDA margin ranging from -4% to +1%. The company reconfirmed its medium-term targets of €4 billion in net sales with an adjusted EBITDA margin of 7% to 9%.
The company has moved quickly to transform its group structure following the YNAP acquisition, implementing cost reduction actions across operations functions and beginning the technology migration process for its luxury platforms.
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