OTC$LOGC

Contextlogic Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Wish's Q4 2022 financial performance reflected a challenging macroeconomic environment with a focus on transformation and cost control.

Wish reported a decrease in revenue, a net loss, and a negative free cash flow. The company is focusing on profitability and sustainable growth by maintaining disciplined cash flow and unit economics.

  • Revenue decreased by 57% year-over-year to $123 million.
  • Core Marketplace revenue declined by 74% year-over-year to $36 million.
  • Net loss increased to $110 million, compared to a net loss of $58 million in Q4 2021.
  • Free cash flow was negative $109 million, compared to negative $50 million in the same quarter of the previous year.

Headline financials

Total Revenue

$123M

Previous: $289M-57.4%
EPS (adj)

-$4.80

Previous: -$0.90-433.3%
Free Cash Flow

-$109M

Previous: -$50M-118.0%
Net Income

-$110M

Previous: -$58M-89.7%
Operating Income

-$117M

Previous: -$64M-82.8%
Gross Profit

$26M

Previous: $120M-78.3%
Cash & Equivalents

$506M

Previous: $1.01B-49.9%
Total Assets

$799M

Previous: $1.28B-37.7%
Stock-Based Comp

$19M

Previous: $37M-48.6%

Revenue & EPS history

Wish · Revenue · Quarterly

$123M

Q4 2022-57.4%vs Q4 2021
Beat estimate in 0 of 12 quarters(0%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Wish expects Adjusted EBITDA to be a loss in the range of $70 million to $80 million for the first quarter of fiscal year 2023.

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 Q4 2022

Historical avgQ4 2022

-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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