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Dec 31, 2021
Wish Q4 2021 Earnings Report
Wish's Q4 2021 financial results were reported, showing a decrease in revenue but improvements in net loss and Adjusted EBITDA.
Key Takeaways
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.
Q4 revenue was $289 million, a 64% decrease year-over-year.
Core Marketplace revenue decreased by 74% year-over-year, totaling $139 million.
Net loss improved by 90% year-over-year to $58 million.
Adjusted EBITDA improved by 81% year-over-year, resulting in a loss of $23 million.
Wish
Wish
Forward Guidance
For Q1 2022, Wish expects Adjusted EBITDA to be between negative $70 million and negative $60 million.
Positive Outlook
- Q1 2022 Adjusted EBITDA expected to grow 11-24% YoY