Wayfair Inc Q3 2023 Earnings Call Summary

Edited Brief of W.N earnings conference call or presentation 1-Nov-23 12:00pm GMT

...A. Today, we're reporting positive adjusted EBITDA of $100 million, a second consecutive quarter of positive free cash flow and nearly 4% year-over-year revenue growth driven by strength in orders. B. We saw order momentum persist from the spring through the summer, up 14% in the third quarter versus 2022. C. You're seeing this lead to steady improvement in our active customer metric, which saw sequential growth strengthen to 2% and is well on its way to getting back to positive year-over-year growth. D. We executed further in the third quarter to produce consistent profitability while still driving demonstrable market share growth as evidenced by our gains on customers and orders. E. Our improving order trend has led us to a place where net revenue returned to positive growth this quarter, even as average order values continue to normalize versus last year. F. Our conversations with suppliers suggest that prices should continue to rationalize in Q4, which we anticipate will represent the...

Brief