LuxExperience: Mytheresa reports double-digit growth in the first quarter

Mytheresa’s guardian firm LuxExperience has launched its monetary outcomes for the first quarter, which ended on 30 September. The Munich-based luxurious platform delivered double-digit growth. By distinction, sister platforms YNAP and Mr Porter posted losses.

CEO Michael Kliger nonetheless expressed robust satisfaction: “Mytheresa continues to demonstrate our ability to deliver strong growth and high profitability despite persistent macroeconomic headwinds,” whereas Net-a-Porter and Mr Porter have been exhibiting “clear signs of an economic turnaround.”

Kliger introduced a return to growth and profitability after a few years of decline. In the off-price phase, the firm is pursuing the anticipated transformation and has made a robust begin.

The group is “in the perfect position to benefit from the continued growth of the digital luxury market and the ongoing consolidation in this sector,” the CEO continued.

Mytheresa recorded GMV growth of 13.5% to 245.9 million euros in the first quarter of 2026, whereas web gross sales elevated by 12.2% year-on-year to 226.3 million euros. Adjusted EBITDA rose from 2.9 million euros in the similar interval of the earlier 12 months to 7.9 million euros. The adjusted margin reached 3.5%, up from 1.4% in the similar interval of the earlier 12 months.

Meanwhile, Net-a-Porter and Mr Porter noticed GMV decline. Gross merchandise quantity fell by 10.8% to 224.5 million euros, and web gross sales decreased by 10.8% to 212.3 million euros, in contrast with 238.1 million euros in the similar quarter of the earlier 12 months.