Page 1

Wayfair Announces Second Quarter 2021 Results Q2 Net Revenue of $ 3.9 billion 31.1 million Active Customers , up 20 % Year over Year _ BOSTON , MA - · August 5 , 2021 — Wayfair Inc. ( NYSE : W ) , one of the world's largest online destinations for the home , today reported financial results for its second quarter ended June 30 , 2021 . Second Quarter 2021 Financial Highlights • Total net revenue of $ 3.9 billion decreased $ 0.4 billion , down 10.4 % year over year • • • U.S. net revenue of $ 3.1 billion decreased $ 0.6 billion , down 15.2 % year over year International net revenue of $ 0.8 billion increased $ 0.1 billion , up 16.3 % year over year . International Net Revenue Constant Currency Growth was 3.2 % Gross profit was $ 1.1 billion or 29.2 % of total net revenue Net income was $ 130.4 million and Non - GAAP Adjusted EBITDA was $ 310.8 million • Diluted earnings per share was $ 1.14 • Non - GAAP Adjusted Diluted Earnings per Share was $ 1.89 • • Net cash from operating activities was $ 275.4 million and Non - GAAP Free Cash Flow was $ 206.9 million Cash , cash equivalents and short - term investments totaled $ 2.6 billion " Wayfair delivered $ 3.9 billion in net revenue in Q2 — well above pre - pandemic run - rates , even as we began to lap the early heights of COVID - related lockdowns in 2020. While the current macro environment is dynamic , the home remains a high priority for our customers and longer term tailwinds to online category growth are firmly in place , ” said Niraj Shah , CEO , co- founder and co - chairman , Wayfair . “ Meaningful adjusted EBITDA and free cash flow in Q2 also reflect strong returns from many years of thoughtful investments behind each facet of our platform model . Even as we navigate any near - term volatility , we remain most focused on the long - term and further reinforcing Wayfair's position as the category leader for home with both customers and suppliers alike . " 1