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wish Wish Reports Third Quarter 2021 Financial Results and Provides Business Update November 10 , 2021 Company Reports Progress on Turnaround Strategy Wish Also Announces Resignation of CEO Piotr Szulczewski ; Will Remain on Board SAN FRANCISCO -- ( BUSINESS WIRE ) -- Nov . 10 , 2021-- ContextLogic Inc. ( d / b / a Wish ) ( Nasdaq : WISH ) , one of the world's largest mobile ecommerce platforms , today reported its financial results for the quarter ended September 30 , 2021 . In a separate announcement , the Company also announced today that Piotr Szulczewski will be stepping down as Chief Executive Officer . Mr. Szulczewski will remain Chief Executive Officer until either a successor is appointed by the Company's board of directors , or no later than February 1 , 2022. He will remain on the board of directors . The company has engaged an executive search firm to assist the board in recruiting a new Chief Executive Officer . Third - 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 Core Marketplace ProductBoost Other Financial Data Three Months Ended Sept 30 , Net loss 2021 2020 YOY % 2021 2020 YOY % Marketplace Revenue $ 220 % of Revenue $ 368 $ 606 ( 39 % ) $ 1,796 $ 1,747 3 % Logistics Revenue $ 148 $ 183 $ 405 ( 55 % ) $ 1,038 $ 1,300 ( 20 % ) $ 37 2021 ( in millions , except percentages , unaudited ) $ ( 64 ) $ 49 ( 17 % ) $ 454 Adjusted EBITDA * $ ( 30 ) Nine Months Ended Sept 30 , Three Months Ended Nine Months Sept 30 , Ended Sept 30 , ( 24 % ) $ 137 $ 138 ( 1 % ) $ 152 ( 3 % ) $ 621 $ 309 101 % 2020 ( 52 % ) $ 1,175 $ 1,438 ( 18 % ) ( 16 % ) 2021 2020 $ ( 99 ) $ ( 303 ) $ ( 176 ) ( 17 % ) ( 10 % ) $ ( 64 ) $ ( 176 ) $ ( 99 )