Wayfair stock rises 10% as earnings beat, revenue jumps

Core Insights - Wayfair reported a third-quarter revenue increase of 8.1% year-over-year, surpassing Wall Street expectations [1][2] - The company experienced a net loss of $99 million, or 76 cents per share, compared to a loss of $74 million, or 60 cents per share, in the previous year [2] - U.S. revenue rose 8.6% year-over-year to $2.7 billion, while international revenue increased 4.6% to $389 million [2] Financial Performance - Adjusted earnings per share were 70 cents, exceeding the expected 43 cents [6] - Total revenue reached $3.12 billion, compared to the expected $3.02 billion [6] - The company's delivered orders grew by 5% year-over-year [5] Strategic Initiatives - CFO Kate Gulliver attributed growth to market share gains rather than macroeconomic factors [3] - Key initiatives driving growth include improvements in pricing, product availability, speed, loyalty programs, site enhancements, and physical retail [4] - The company reported a 6.7% Adjusted EBITDA margin, the highest outside of the pandemic period, indicating strong profitability flow through [5] Customer Metrics - Active customers totaled 21.2 million at the end of the quarter, reflecting a 2.3% decrease year-over-year [5]