Earnings release
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Wayfair Announces Third Quarter 2021 Results Q3 Net Revenue of $ 3.1 billion 29.2 million Active Customers , up 1.5 % Year over Year _ BOSTON , MA - November 4 , 2021 - Wayfair Inc. ( NYSE : W ) , one of the world's largest online destinations for the home , today reported financial results for its third quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights • Total net revenue of $ 3.1 billion decreased $ 718.5 million , down 18.7 % year over year • • • • U.S. net revenue of $ 2.6 billion decreased $ 679.9 million , down 20.8 % year over year International net revenue of $ 0.5 billion decreased $ 38.6 million , down 6.8 % year over year . International Net Revenue Constant Currency Growth was ( 12.1 ) % Gross profit was $ 882.7 million or 28.3 % of total net revenue Net loss was $ 78.0 million and Non - GAAP Adjusted EBITDA was $ 101.1 million • Diluted loss per share was $ ( 0.75 ) • Non - GAAP Adjusted Diluted Earnings per Share was $ 0.14 • Net cash for operating activities was $ ( 130.8 ) million and Non - GAAP Free Cash Flow was $ ( 203.2 ) million Cash , cash equivalents and short - term investments totaled $ 2.4 billion " Wayfair delivered $ 3.1 billion in net revenue and over $ 100 million of adjusted EBITDA in the third quarter . As various geographies reopened post - pandemic , consumers naturally shifted some spend towards travel and entertainment and from e- commerce towards brick and mortar . Demand and interest in the home remains resilient , but it will take a few more quarters for our growth- and e - commerce growth in general - to get back to normal , ” said Niraj Shah , CEO , co - founder and co - chairman , Wayfair . " Our long - term vision is in sharp focus coming out of the pandemic period . The initiatives required to realize it are in flight , even as we work through near - term macro challenges like supply chain congestion and related inflation . We are , as ever , focused on the long - term , balancing strong growth and profitability over years not quarters , and solidifying our position as the definitive destination for the home . " 1