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Mar 31, 2022
Wish Q1 2022 Earnings Report
Reported first quarter 2022 financial results, noting progress in turnaround with increased NPS and lower post shipment refunds.
Key Takeaways
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.
Saw progress in turnaround in a few short months, including a doubling of NPS.
Experienced lower post shipment refunds.
Confident that consumers will return to the Wish marketplace as advertising spend is ramped up in June instead of August.
Planning new initiatives, including the launch of a Women's Fashion Category and the rebranding of Wish.
Wish
Wish
Forward Guidance
Wish expects the following financial results for Adjusted EBITDA in the period presented below: