Wish Reports Fourth Quarter and Fiscal Year 2020 Financial Results
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ContextLogic (WISH) Misses Q4 EPS by 1c, Revenues Beat; Offers 1Q Revenues Guidance Above Consensus
March 8, 2021 4:10 PM ESTContextLogic (NASDAQ: WISH) reported Q4 EPS of ($3.04), $0.01 worse than the analyst estimate of ($3.03). Revenue for the quarter came in at $794 million versus the consensus estimate of $736.1 million.
Business Highlights:
Q4 Core Marketplace Revenue per Active Buyer increased 66% YoY and 25% sequentially from Q3.Wish Local, which finished its first full year since launching in late 2019, accounted for more than 6% of total orders in Q4.Grew the number of U.S. merchants in our network by 435% YoY.Launched logistics-as-a-service pilot for non-Wish merchants.Onboarded new brands as... More