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Jun 30, 2024
Wayfair Q2 2024 Earnings Report
Reported best quarter of profitability and cash flow in three years.
Key Takeaways
Wayfair's Q2 2024 net revenue reached $3.1 billion. The company reported a net loss of $42 million, but achieved its best quarter of Adjusted EBITDA and Free Cash Flow generation in three years, demonstrating strict operating discipline amidst macro headwinds.
Total net revenue was $3.1 billion, a 1.7% decrease year-over-year.
U.S. net revenue was $2.7 billion, a 2.0% decrease year-over-year.
International net revenue was $387 million, a 0.3% increase year-over-year.
The company had 22.0 million active customers as of June 30, 2024, a 0.9% increase year-over-year.
Wayfair
Wayfair
Wayfair Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Wayfair is focused on demonstrating substantial growth in profitability this year, even as the top line remains challenging. The company aims to maintain this mindset every year going forward.
Revenue & Expenses
Visualization of income flow from segment revenue to net income