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Jun 30, 2023
Wayfair Q2 2023 Earnings Report
Wayfair's Q2 2023 results demonstrated market share gains and a return to positive year-over-year order growth, achieving key profitability milestones.
Key Takeaways
Wayfair's Q2 2023 net revenue was $3.2 billion. The company achieved positive adjusted EBITDA and free cash flow, alongside positive year-over-year order growth and a sequentially higher active customer count.
Total net revenue reached $3.2 billion, a 3.4% decrease year-over-year.
U.S. net revenue totaled $2.8 billion, a 0.4% decrease year-over-year.
International net revenue was $386 million, a 20.9% decrease year-over-year.
The company reported a net loss of $46 million, with a Non-GAAP Adjusted EBITDA of $128 million.
Wayfair
Wayfair
Wayfair Revenue by Segment
Wayfair Revenue by Geographic Location
Forward Guidance
Wayfair did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income