Wayfair Q1 net revenue $2.7B (-1.6% YoY); net loss narrows to $248M from $355M

Wayfair Inc.

2024-Q1 EPS reported -$2.06 revenue$2,729,000,000

Non-GAAP Adjusted EBITDA of $75M, fourth consecutive quarter of strong profitability.
Active customers rose 2.8% YoY to 22.3 million; LTM revenue per active customer down 2.8% to $537.
U.S. net revenue $2.4B (-1.0% YoY); International net revenue $338M (-5.8% YoY, -7.5% constant currency).
Diluted loss per share $2.06 (improved from $3.22); Non-GAAP adjusted diluted loss per share $0.32.
Repeat customers placed 80.5% of orders vs 79.1% a year ago; mobile orders 63.1% of total.

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 first quarter ended March 31, 2024 results: revenue $2.7 billion, net income Net loss was $248 million, EPS Diluted loss per share was $2.06.

Period: first quarter ended March 31, 2024
Revenue: $2.7 billion
Net income: Net loss was $248 million
EPS: Diluted loss per share was $2.06
Result: reported results

Exact text from the filing

in such a filing. --- EX-99.1 (EX-99.1) --- Wayfair Announces First Quarter 2024 Results, Reports Fourth Consecutive Quarter of Strong Profitability Q1 Net Revenue of $2.7 billion with 22.3 million Active Customers BOSTON, MA — May 2, 2024 — Wayfair Inc. (“Wayfair,” “we,” or “our”) (NYSE: W), one of the world’s largest destinations for the home, today

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Source: SEC EDGAR

accession 0001616707-24-000032

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