OTC$LOGC
Contextlogic Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Revenue decreased due to reduced digital advertising spend, while strategic initiatives were implemented to improve buyer confidence and user experience.
Wish reported a decrease in revenue for Q3 2021, but exceeded bottom-line guidance due to more efficient advertising spend. The company focused on implementing strategic improvements, including Wish Standards and Wish Clips, to enhance user experience and drive long-term growth. Piotr Szulczewski is stepping down as CEO and will remain on the board.
- Revenue decreased by 39% year-over-year to $368 million.
- Core Marketplace revenue decreased by 55% year-over-year to $183 million.
- Logistics revenue decreased by 3% year-over-year to $148 million.
- Net loss was $64 million, compared to a net loss of $99 million in the same quarter last year.
Headline financials
Revenue & EPS history
Wish · Revenue · Quarterly
$368M
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
Wish anticipates Q4 revenue to be lower than Q3 due to ongoing reduction of ad spend, with Adjusted EBITDA expected to be between $(35) million and $(30) 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 Q3 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
| 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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