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Jun 30, 2021
Wish Q2 2021 Earnings Report
Reported financial results for the second quarter, which did not meet expectations, and announced initiatives to enhance user experience and engagement.
Key Takeaways
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's Q2 revenue decreased by 6% year-over-year to $656 million.
Core Marketplace revenue declined by 32% year-over-year to $378 million.
Logistics revenue increased by 126% year-over-year to $228 million.
The company is focusing on enhancing product quality and selection, providing an unmatched fun and entertaining shopping experience, and improving the performance of the app.