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wish Wish Reports Second Quarter 2021 Financial Results August 12 , 2021 SAN FRANCISCO -- ( BUSINESS WIRE ) -- Aug . 12 , 2021-- ContextLogic Inc. ( d / b / a Wish ) ( NASDAQ : WISH ) , one of the world's largest mobile ecommerce platforms , today reported financial results for its second quarter ended June 30 , 2021. Wish's Shareholder Letter , including the company's complete financial results and outlook , can be found in the Quarterly Results section of Wish's investor relations website at : https : //ir.wish.com / financial - information / quarterly - results . Second 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 ) Three Months Ended June 30 , Six Months Ended June 30 , 2021 2020 YoY % 2021 2020 YoY % Revenue $ 656 $ 701 ( 6 ) % $ 1,428 $ 1,141 25 % Core Marketplace $ 378 $ 555 ( 32 ) % $ 855 $ 895 ( 4 ) % ProductBoost $ 50 $ 45 11 % $ 100 $ 89 12 % Marketplace Revenue $ 428 $ 600 ( 29 ) % $ 955 $ 984 ( 3 ) % Logistics Revenue $ 228 $ 101 126 % $ 473 $ 157 201 % Other Financial Data ( in millions , except percentages , unaudited ) Three Months Six Months Ended June 30 , Ended June 30 , 2021 2020 2021 2020 Net loss $ ( 111 ) $ ( 11 ) $ ( 239 ) $ ( 77 ) % of Revenue ( 17 ) % ( 2 ) % ( 17 ) % ( 7 ) % Adjusted EBITDA * $ ( 67 ) $ 16 $ ( 146 ) $ ( 35 ) % of Revenue ( 10 ) % 2 % ( 10 ) % ( 3 ) % * Indicates non - GAAP metric . See below for more information regarding our presentation of non - GAAP metrics in the section titled : " Use of Non - GAAP Financial Measures . " " Wish has begun executing on initiatives designed to enhance the user experience and increase engagement on the Wish app following second- quarter results that did not meet our expectations , " said Wish Founder and CEO Piotr Szulczewski . " Our goal is to ensure that users love coming to