Published on : Tuesday, March 10, 2015
Wayfair, one of the world’s largest online destinations for home furnishings and decor, has seen a healthy growth in the financial year of 2014 as its overall revenue increased $1.3 billion after the end of fourth quarter and full fiscal year on December 31, 2014.
In the fourth quarter alone the net revenue has increased to $408.6m, up 38.4%. From the retail outlets Wayfair has generated $1.1b, up 63.6% year over year. Adjusted EBITDA was $62.5m. Non GAAP diluted net loss per share was $1.02 for the year and non GAAP free cash flow for the year was $41.9m.
“We’re very pleased with the fourth quarter and full year results and the company’s continued strong growth,” says Niraj Shah, co-founder, CEO and co-chairman of Wayfair.
“We are particularly excited about the success of our holiday merchandising efforts and our ongoing customer growth. We remain committed to both building the market leading online home brands and to delivering long term value for investors.”
This year as well Wayfair is expecting good result after the end of first quarter in March 31.
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