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Mar 31, 2023
Wayfair Q1 2023 Earnings Report
Wayfair's Q1 2023 results revealed consistent market share gains and an improved cost structure, bringing the company near Adjusted EBITDA breakeven.
Key Takeaways
Wayfair's Q1 2023 net revenue was $2.8 billion, a decrease of 7.3% year over year. The company reported a net loss of $355 million and a Non-GAAP Adjusted EBITDA loss of $14 million. However, Wayfair anticipates positive Adjusted EBITDA in the second quarter.
Total net revenue decreased by 7.3% year over year to $2.8 billion.
U.S. net revenue decreased by 5.0% year over year to $2.4 billion.
International net revenue decreased by 20.4% year over year to $359 million.
Net loss was $355 million, and Non-GAAP Adjusted EBITDA was a loss of $14 million.
Wayfair
Wayfair
Wayfair Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Wayfair expects to have positive Adjusted EBITDA in the second quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income