OTC$LOGC

Contextlogic Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported financial results for the second quarter, which did not meet expectations, and announced initiatives to enhance user experience and engagement.

Wish's second-quarter results fell short of expectations, leading to the implementation of initiatives aimed at improving user experience, engagement, product quality, and app performance to drive growth and profitability.

  • Wish's Q2 revenue decreased by 6% year-over-year to $656 million.
  • Core Marketplace revenue declined by 32% year-over-year to $378 million.
  • Logistics revenue increased by 126% year-over-year to $228 million.
  • The company is focusing on enhancing product quality and selection, providing an unmatched fun and entertaining shopping experience, and improving the performance of the app.

Headline financials

Total Revenue

$656M

Previous: $701M-6.4%
EPS (adj)

-$5.40

Previous: -$0.58-828.8%
Capital Expenditures

$1M

No prior period
Free Cash Flow

-$205M

No prior period
Net Income

-$111M

Previous: -$11M-909.1%
Operating Income

-$114M

Previous: $12M-1050.0%
Gross Profit

$384M

Previous: $493M-22.1%
Cash & Equivalents

$1.41B

No prior period
Total Assets

$1.75B

No prior period
Stock-Based Comp

$37M

No prior period

Revenue & EPS history

Wish · Revenue · Quarterly

$656M

Q2 2021-6.4%vs Q2 2020
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Revenue by segment

Wish · $12.1M total across 2 segments · Q1 2026

  • Packaged
    $10.3M
  • Non-packaged
    $1.8M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-1.5%

Avg return

Earnings day

-4.4%

Avg return

5 days after

-7.5%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+7.8%

Q1 2023

Best reaction

-10.3%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%+1.4%+15.6%
Q4 2025+1.2%+1.8%+4.2%
Q4 2026+1.2%+1.8%+4.2%
Q3 2025+0.5%+0.4%-1.0%
Q2 2025-1.2%-0.1%+7.4%
Q1 2025+0.0%+1.5%-1.5%
Q4 2024+6.7%+6.3%-6.4%
Q3 2024+0.8%+5.4%+27.8%
Q2 2024+2.7%+1.7%-1.1%
Q1 2024-2.0%+3.0%+1.7%
Q4 2023-1.2%-2.6%-12.7%
Q3 2023-0.9%+17.8%+24.4%
Q2 2023+5.5%-21.8%-33.8%
Q1 2023+7.8%+11.9%-1.6%
Q4 2022+0.4%-31.6%-45.6%
Q3 2022-7.9%+13.0%-9.8%
Q2 2022-9.2%-8.6%-34.1%
Q1 2022-10.1%-27.0%-5.3%
Q4 2021-4.2%-19.8%-5.1%
Q3 2021-7.1%-5.6%-34.8%
Q2 2021-4.3%-29.3%-30.8%
Q1 2021-2.6%-25.5%-15.1%
Q4 2020-10.3%+4.9%-19.4%
Q3 2020
Q2 2020
Q1 2020
Q4 2019

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