Wayfair’s third-quarter net revenue rose 9.7% from a year earlier to $3.42 billion as growth in the home furnishings retailer’s U.S. business outweighed lower international sales.
Net revenue reached $3.42 billion in the third quarter, up 9.7% from a year earlier. U.S. net revenue rose 11.4% to $3 billion, while international net revenue fell 2.3% to $380 million.
CEO Niraj Shah said Q3 was Wayfair’s strongest growth quarter since the post-pandemic period began. The company reported a 6.9% adjusted EBITDA margin, its strongest third-quarter margin since 2020.
Wayfair also returned to a $62 million profit in the third quarter.
