Wayfair Inc has reported financial results for its Q4 and the year ended 31st December, 2024.
In Q4, Wayfair generated total net revenue of $3.1b (up +0.2% YoY), with international net revenues at $381m (down -5.7% YoY). Accordingly, the business made a net loss of $128m in Q45, and non-GAAP adjusted EBITDA was $96m.
Across the year, it made a total net revenue of $11.9b (down -1.3% YoY), and international net revenue stood at $1.5b (down -2.8% YoY). Gross profit was $3.6b, yet the net loss was $492m, and non-GAAP adjusted EBITDA was $453m.
"The fourth quarter was a strong conclusion to the year across multiple fronts," says Niraj Shah, CEO, co-founder and co-chairman. "From a topline performance perspective, we ended 2024 on a high note – with net revenue showing positive YoY growth. These results enabled us to drive nearly $100m of adjusted EBITDA in the quarter, and deliver on our goal of approximately +50% YoY dollar growth for 2024.
"Our strong financial performance enabled us to tap into the high yield markets for the first time, putting us in the strongest balance sheet position in many years. We're making smart, high-return investments across the business, and at the same time remain committed to growing adjusted EBITDA dollars YoY. We are confident this approach sets us up well for a compelling payoff over 2025 and are excited to bring all of our stakeholders with us on this next leg of the Wayfair journey."
Active customer numbers in Q4 totalled 21.4 million as of 31st December, a decrease of -4.5% YoY. AOV was $290 in Q4, compared to $276 in Q4 2023.
