SoFi shares rise as record revenue, member growth drive strong Q3 results
Investing.com -- Wayfair shares shot up more than 21% following the market open on Tuesday after the online furniture retailer reported third-quarter results that beat average analyst expectations.
The company reported earnings per share (EPS) of $0.70 per share, ahead of analysts’ expectations of $0.44. Revenue rose to $3.1 billion, slightly above the $3.01 billion consensus.
U.S. net revenue reached $2.7 billion, an increase of $216 million, or 8.6% from a year earlier. International net revenue climbed 4.6% to $389 million, with constant-currency growth of 3.5%.
The company posted non-GAAP adjusted EBITDA of $208 million for the quarter.
"The ~9% y/y revenue growth during the quarter (excluding Germany) is the highest top-line growth rate Wayfair has seen since 1Q21 and the 6.7% adj. EBITDA margin delivered in 3Q25 represents the highest reported result in four years," Raymond James analyst Bobby Griffin said in a note
"The 3Q print was directly in line with our thesis, with a modestly improving industry backdrop and further evidence how Wayfair will show solid operating leverage on incremental revenue growth,’ he added.
Niraj Shah, CEO, co-founder and co-chairman of Wayfair, described the third quarter as "a great success."
"We saw orders delivered grow by over 5% year-over-year in the quarter, including new orders now growing mid-single digits for two quarters in a row," he added.
"This came in tandem with more than 70% year-over-year growth in Adjusted EBITDA. Our 6.7% Adjusted EBITDA margin marks the highest level achieved in Wayfair’s history outside of the pandemic period."