OTC$LOGC
Contextlogic Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a challenging operating environment with revenue decline, while adjusted EBITDA was in line with expectations. The company is taking actions to lower cost structure and improve operational efficiencies.
Wish's Q2 2023 results reflect a challenging operating environment with a 42% year-over-year decrease in revenue. The company reported a net loss of $80 million and an adjusted EBITDA loss of $66 million. In response to macroeconomic uncertainties and competitive pressures, Wish is taking aggressive actions to lower its cost structure and improve operational efficiencies.
- Revenues were $78 million, a decrease of 42% year-over-year.
- Core Marketplace revenues were $24 million, down 56% year-over-year.
- Net loss was $80 million, compared to a net loss of $90 million in the second quarter of 2022.
- Free Cash Flow was negative $91 million, compared to negative $67 million in the second quarter of 2022.
Headline financials
Revenue & EPS history
Wish · Revenue · Quarterly
$78M
Revenue by segment
Wish · $12.1M total across 2 segments · Q1 2026
- Packaged$10.3M—85.1%
- Non-packaged$1.8M—14.9%
Forward guidance
Revenue is expected to be in the range of $55 million to $65 million. Adjusted EBITDA is expected to be a loss in the range of $55 million to $65 million.
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 2023
-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
| Quarter | Report date | Reaction (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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