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Mar 31, 2021
Wayfair Q1 2021 Earnings Report
Reported a strong first quarter with significant revenue growth and increased active customers.
Key Takeaways
Wayfair's Q1 2021 results showed substantial growth, with net revenue increasing by 49% year-over-year to $3.5 billion. The company also saw a significant rise in active customers and achieved profitability, demonstrating the strength of its platform and strategic investments.
Net revenue reached $3.5 billion, a 49% increase year-over-year.
Active customers grew by 57% to 33.2 million.
Net income was $18.2 million
Adjusted EBITDA was $205.8 million, representing 5.9% of total net revenue.
Wayfair
Wayfair
Wayfair Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Wayfair did not provide specific forward guidance in this earnings report. The report highlights the company's confidence in continued customer focus on home improvement and the expectation of sustained and expanding profitability.
Positive Outlook
- Confident that customers will remain focused on their homes even as the environment normalizes in the US and Europe.
- Strong profitability should continue and expand.
- Focus remains squarely on connecting all of the industry’s customers and suppliers on our unique platform
- Platform model creates a flywheel where scale begets growth, which leads to further efficiency.
- Ambitiously investing for the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income