Wish Earnings Reports

ContextLogic's Q4 2024 financial results reflect a strategic shift following the sale of the Wish platform. The company reported no revenue for the quarter, compared to $53 million in Q4 2023. Net loss was significantly reduced to $2 million from $68 million in the prior year. The company ended the quarter with $66 million in cash and cash equivalents, $83 million in marketable securities, and total liabilities of $5 million.

ContextLogic Inc. reported its Q3 2024 financial results, with a net loss of $1 million, significantly better than the $80 million loss in Q3 2023. The company is focusing on strategic opportunities and streamlining its administrative structure.

ContextLogic reported a net loss of $13 million for the second quarter of 2024, compared to a net loss of $80 million in the same period last year. The company is focusing on identifying and evaluating strategic opportunities after the completion of the asset sale.

ContextLogic Inc. reported a decrease in revenue by 63% year-over-year, with a net loss of $59 million. The company completed the sale of substantially all of its assets to Qube Network Pte. Ltd. after the quarter ended.

Wish reported a 57% decrease in revenue compared to the previous year, totaling $53 million for Q4 2023. The company's net loss improved to $68 million, and the adjusted EBITDA loss was $54 million. The company announced an agreement to be acquired by Qoo10.

Wish's Q3 2023 revenues were $60 million, a 52% decrease year-over-year. The company narrowed its adjusted EBITDA loss to $54 million. The Board of Directors has initiated a process to explore strategic alternatives to maximize shareholder value.

Wish's Q2 2023 results reflect a challenging operating environment with a 42% year-over-year decrease in revenue. The company reported a net loss of $80 million and an adjusted EBITDA loss of $66 million. In response to macroeconomic uncertainties and competitive pressures, Wish is taking aggressive actions to lower its cost structure and improve operational efficiencies.

Wish's first-quarter 2023 revenue declined by 49% year-over-year to $96 million. Net loss was $89 million, and adjusted EBITDA was a loss of $62 million. The company is focused on improving conversion rates, buyer retention, and customer satisfaction.

Wish reported a decrease in revenue, a net loss, and a negative free cash flow. The company is focusing on profitability and sustainable growth by maintaining disciplined cash flow and unit economics.

Wish reported a significant decrease in revenue, with a 66% year-over-year decline, totaling $125 million for Q3 2022. The company experienced a net loss of $124 million, and the adjusted EBITDA was a loss of $95 million. Despite these challenges, Wish saw positive operational results, including an increase in order volume and improvements in refund rates and on-time delivery.

Wish reported a significant decrease in revenue for Q2 2022, with an 80% year-over-year decline. Despite the revenue drop, the company managed to improve its net loss and adjusted EBITDA compared to the previous year.

Wish reported its Q1 2022 financial results, showing progress in its turnaround efforts, including a doubling of NPS and lower post shipment refunds. The company plans to ramp up advertising spend earlier than planned due to these positive signs.

Wish reported a 64% year-over-year decrease in revenue for Q4 2021, totaling $289 million. However, the company saw a 90% improvement in net loss and an 81% improvement in Adjusted EBITDA.

Wish reported a decrease in revenue for Q3 2021, but exceeded bottom-line guidance due to more efficient advertising spend. The company focused on implementing strategic improvements, including Wish Standards and Wish Clips, to enhance user experience and drive long-term growth. Piotr Szulczewski is stepping down as CEO and will remain on the board.

Wish's second-quarter results fell short of expectations, leading to the implementation of initiatives aimed at improving user experience, engagement, product quality, and app performance to drive growth and profitability.

Wish reported strong Q1 2021 results with revenue growth accelerating to 75% year over year. The company saw momentum build for newer initiatives, including Wish Local expansion, and efforts to diversify product selection.

Wish reported a strong Q4 2020 with revenue growth of 38% year-over-year, driven by demand for its Marketplace and Logistics services. Core Marketplace Revenue per Active Buyer increased 66% year-over-year. The company ended the year with a solid cash position of $2 billion.