Wayfair Q3 net revenue $2.8B (-9% YoY), net loss $283M, active customers down 22.6%

Wayfair Inc.

2022-Q3 EPS reported -$9.28 revenue$9,117,000,000

Net revenue $2.8B (-9% YoY); net loss $283M vs $78M; diluted EPS loss $2.66.
Non-GAAP adjusted EBITDA loss $124M; adjusted diluted EPS loss $2.11.
Active customers 22.6M (-22.6% YoY); LTM revenue per active customer $547 (+13%).
Orders delivered 8.7M (-20.9%); average order value $325 vs $283.
CEO targets over $500M cost savings in 2023 to reach adjusted EBITDA profitability and cash flow neutrality.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Wayfair Inc. reported the quarter ended September 30, 2022 results: revenue $2.8 billion, net income Net loss was $283 million, EPS Diluted loss per share was $2.66.

Period: the quarter ended September 30, 2022
Revenue: $2.8 billion
Net income: Net loss was $283 million
EPS: Diluted loss per share was $2.66
Result: reported results

Exact text from the filing

Exchange Act, except as expressly provided by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Wayfair Announces Third Quarter 2022 Results Q3 Net Revenue of $2.8 billion 22.6 million Active Customers BOSTON, MA — November 3, 2022 — Wayfair Inc. (NYSE: W), one of the world’s largest online destinations for the home, today reported financial

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Wayfair Inc. filing history →

Source: SEC EDGAR

accession 0001616707-22-000176

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