Wayfair, an American home furnishing e-commerce company, reported its first loss this year in the third quarter.

The report shows that Wayfair's total global revenue in the third quarter was $3.1 billion, down $718.5 million from the same period last year, a decrease of 18.7%. Specifically, both US and international revenues declined. Among them, US revenue was $2.6 billion, a year-on-year decrease of 20.8%; international revenue was $500 million, a year-on-year decrease of 6.8%. While revenue decreased, Wayfair also fell into losses. Wayfair lost $78 million in the third quarter .

Looking back at the financial reports for the first two quarters of this year, total revenue in the first quarter was $3.5 billion, up 49.2% year-on-year. US revenue was $2.8 billion, up 42.8% year-on-year; international revenue was $700 million, up 85.%. Net profit was $130.4 million .

The total revenue in the second quarter was $3.9 billion, down 10.4% year-on-year. Among them, the US revenue was $3.1 billion, down 15.2% year-on-year; the international revenue was $800 million, up 16.3% year-on-year. Net profit reached $173 million.

Based on the financial reports for the past three quarters: Wayfair's current revenue still mainly comes from the United States; this year's performance is generally not as good as last year, and is mainly dragged down by U.S. performance; Wayfair was still profitable in the first two quarters, but deteriorated in the third quarter and began to lose money.

The number of active users on the platform has also declined. In the first quarter of this year, Wayfair had 33.2 million active users, but in the third quarter it fell below 30 million to 29.2 million. But overall, Wayfair's number of active users is relatively stable.

Wayfair co-founder Niraj Shah said: "As various regions reopened in the post-epidemic period, consumers naturally shifted some spending to travel and entertainment, and from e-commerce to physical stores, but consumer demand for home furnishings remained. Wayfair is committed to long-term development and is not just focused on strong quarterly growth and profitability."

Recently, many e-commerce platforms have also released their third-quarter financial reports. Among them, Amazon, which has attracted much attention from sellers, saw its net profit plummet by 50%. Relatively speaking, eBay's performance is still relatively good, with revenue of US$2.5 billion, an increase of 11% year-on-year. Of course, there are many factors that affect financial reports. To learn more, sellers can conduct targeted comparative analysis of different items on different platforms.

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