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Dec 31, 2022
Wish Q4 2022 Earnings Report
Wish's Q4 2022 financial performance reflected a challenging macroeconomic environment with a focus on transformation and cost control.
Key Takeaways
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.
Revenue decreased by 57% year-over-year to $123 million.
Core Marketplace revenue declined by 74% year-over-year to $36 million.
Net loss increased to $110 million, compared to a net loss of $58 million in Q4 2021.
Free cash flow was negative $109 million, compared to negative $50 million in the same quarter of the previous year.
Wish
Wish
Forward Guidance
Wish expects Adjusted EBITDA to be a loss in the range of $70 million to $80 million for the first quarter of fiscal year 2023.