OTC$LOGC

Contextlogic Holdings Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Wish's Q4 2023 financial performance reflected a significant year-over-year revenue decrease, alongside a reduced net loss and adjusted EBITDA loss.

Wish reported a 57% decrease in revenue compared to the previous year, totaling $53 million for Q4 2023. The company's net loss improved to $68 million, and the adjusted EBITDA loss was $54 million. The company announced an agreement to be acquired by Qoo10.

  • Revenue decreased by 57% year-over-year to $53 million.
  • Core Marketplace revenue declined by 58% year-over-year to $15 million.
  • Net loss improved from $110 million to $68 million year-over-year.
  • Adjusted EBITDA loss improved from $95 million to $54 million year-over-year.

Headline financials

Total Revenue

$53M

Previous: $123M-56.9%
EPS (adj)

-$2.82

Previous: -$4.80+41.3%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

-$75M

Previous: -$109M+31.2%
Net Income

-$68M

Previous: -$110M+38.2%
Operating Income

-$72M

Previous: -$117M+38.5%
Gross Profit

$9M

Previous: $26M-65.4%
Cash & Equivalents

$238M

Previous: $506M-53.0%
Total Assets

$423M

Previous: $799M-47.1%
R&D Expense

$25M

No prior period
Stock-Based Comp

$10M

Previous: $19M-47.4%

Revenue & EPS history

Wish · Revenue · Quarterly

$53M

Q4 2023-56.9%vs Q4 2022
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

Due to the pending transaction with Qoo10, ContextLogic has discontinued providing guidance.

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 2023

Historical avgQ4 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

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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