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wish Wish Reports Stronger - than - Expected First Quarter 2021 Financial Results May 12 , 2021 Revenue Growth Accelerated to 75 % Year Over Year Core Marketplace Revenue Per Active Buyer Increased 76 % Year Over Year ProductBoost Revenue Returned to Year Over Year Growth SAN FRANCISCO -- ( BUSINESS WIRE ) -- May 12 , 2021-- ContextLogic Inc. ( d / b / a " Wish " ) ( NASDAQ : WISH ) , one of the world's largest and fastest growing mobile ecommerce platforms , today reported financial results for its first quarter ended March 31 , 2021. The company also announced in a separate news release that it is separating the roles of chair and chief executive officer and appointed veteran technology and finance executive and current Wish board director Jacqueline Reses as Executive Chair . Wish's Shareholder Letter , including the company's complete financial results , can be found in the Quarterly Results section of Wish's investor relations website at : https://ir.wish.com/financial-information/quarterly-results . First Quarter 2021 Financial Highlights The following tables include unaudited GAAP and non - GAAP financial highlights for the periods presented : Revenue ( in millions , except percentages , unaudited ) Revenue Three Months Ended March 31 , 2021 2020 YoY % $ 772 $ 440 75 % Core Marketplace $ 477 $ 340 40 % ProductBoost $ 50 60 $ 44 14 % Marketplace Revenue $ 527 $ 384 37 % Logistics Revenue $ 245 $ 56 338 % Other Financial Data ( in millions , except percentages , unaudited ) Net loss % of Revenue Three Months Ended March 31 , 2021 2020 $ ( 128 ) $ ( 66 ) ( 17 ) % ( 15 ) %