ContextLogic (WISH) Reports In-Line Q4 EPS, Revs Miss
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Wish Reports Fourth Quarter and Fiscal Year 2021 Financial Results
March 1, 2022 4:07 PM ESTSAN FRANCISCO--(BUSINESS WIRE)-- ContextLogic Inc. (d/b/a Wish) (Nasdaq: WISH), one of the largest mobile ecommerce platforms, today reported its financial results for the quarter and fiscal year ended December 31, 2021.
Fourth Quarter Fiscal 2021 Financial Highlights
Revenues: Revenues were $289 million, a decrease of 64% YoY. Core Marketplace revenues were $139 million, ProductBoost revenues were $28 million, and Logistics revenues were $122 million, down YoY by 74%, 55%, and 40%, respectively. Adjusted EBITDA: Adjusted EBITDA was a loss of $23 million, an improvement of 81% YoY. Net... More