LuxExperience Posts 0.3% GMV Rise and 0.9% EBITDA Margin in Q3
LuxExperience BV delivered a 0.3% constant-currency GMV rise and 0.9% adjusted EBITDA margin in Q3 2026, its second profitable quarter, despite a $117.9 million negative operating cash flow in the first nine months. MyTheresa net sales grew 9.9% (33.8% in the U.S.), while Net-a-Porter/Mr. Porter and YOOX sales declined 5.1% and 7.4%.
1. Q3 GMV Growth and Profitability
LuxExperience BV achieved 0.3% constant-currency GMV growth in Q3 2026 and recorded a 0.9% adjusted EBITDA margin, marking the second consecutive profitable quarter, though operating cash flow for the first nine months was negative $117.9 million.
2. Brand Performance
MyTheresa net sales rose 9.9% at constant currency, with U.S. revenue up 33.8%, while Net-a-Porter and Mr. Porter sales declined 5.1% and YOOX sales fell 7.4%, reflecting varied performance across its brands.
3. Geographical Performance
North America showed robust demand with almost 34% MyTheresa growth, Asia is recovering with ongoing investments, and the Middle East saw transient headwinds due to geopolitical tensions, while Europe remained strong, particularly in southern markets.
4. Outlook and Strategic Actions
During the quarter LuxExperience closed asset sales to sharpen focus on core segments and management expects to reach adjusted EBITDA breakeven for the fiscal year, targeting 7%–9% margins over the medium term through cost management and top-line growth.