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Dec 31, 2023
Wish Q4 2023 Earnings Report
Wish's Q4 2023 financial performance reflected a significant year-over-year revenue decrease, alongside a reduced net loss and adjusted EBITDA loss.
Key Takeaways
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.
Revenue decreased by 57% year-over-year to $53 million.
Core Marketplace revenue declined by 58% year-over-year to $15 million.
Net loss improved from $110 million to $68 million year-over-year.
Adjusted EBITDA loss improved from $95 million to $54 million year-over-year.
Wish
Wish
Forward Guidance
Due to the pending transaction with Qoo10, ContextLogic has discontinued providing guidance.