Wayfair Q2 net revenue decreased $573 million
Christian Fernsby | ▼ August 5, 2022
Wayfair reported financial results for its second quarter ended June 30, 2022.
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Total net revenue of $3.3 billion decreased $573 million, down 14.9% year over year.
U.S. net revenue of $2.8 billion decreased $302 million, down 9.7% year over year.
International net revenue of $0.5 billion decreased $271 million, down 35.7% year over year. International Net Revenue Constant Currency Growth was (34.4)%.
Gross profit was $896 million or 27.3% of total net revenue.
Net loss was $378 million and Non-GAAP Adjusted EBITDA was $(108) million.
Diluted loss per share was $3.59.
Non-GAAP Adjusted Diluted Loss per Share was $1.94.
Net cash flows used in operating activities was $115 million and Non-GAAP Free Cash Flow was $(244) million.
Cash, cash equivalents and short-term investments totaled $1.7 billion. ■ What to read next
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