The new luxury e-commerce giant, born from the merger of Mytheresa and former YNAP subsidiaries, posted positive EBITDA in the second quarter of 2025-26, which ended last December. While Mytheresa remains the driving force behind the group, Net-A-Porter, Mr Porter, and Yoox are on the road to recovery, while the group is preparing to finalize the sale of Outnet.
LuxExperience became profitable in the second quarter of its fiscal year, which ended last December. This makes the new giant, born in April 2025 from the merger of Mytheresa and the former subsidiaries of YNAP (Net-A-Porter, Mr Porter, Yoox, and The Outnet), an exception in the bleak landscape of luxury online retail platforms.
After a 4% decline in the previous first quarter, LuxExperience’s net sales grew by 1% to €645.1 million in the second quarter, while its EBITDA (adjusted) became largely positive at more than €13 million, compared with a negative €28 million in the first quarter. Its EBITDA margin, which was negative at 5% in the first quarter, reached 2% in the second quarter.
However, in the first half of the 2025-26 financial year (ending in December), LuxExperience still posted a negative EBITDA of around €15 million.
Growth driven by Mytheresa
But growth is not evenly distributed within the group. It has been clearly driven by the German platform Mytheresa, whose parent company, MYT Netherlands Parent, acquired YNAP (Yoox Net-A-Porter) from the Swiss group Richemont.
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Read also > LuxExperience boosted by Mytheresa sales in the first quarter but weighed down by losses
Featured photo: © Mytheresa
