Joe Yan news and trends

Mobile eCommerce Platform Wish Reports 52% Decrease in Q3 Revenue

November 07, 2023
Quick Reads
Mobile eCommerce Platform Wish Reports 52% Decrease in Q3 Revenue

November 07, 2023
Mobile eCommerce platform Wish released its third quarter results on Tuesday (Nov. 7). The company reported total revenues of $60 million, a 52% decrease from the previous year, primarily due to lower ad spend, the company said in prepared remarks on Tuesday. Wish also noted a net loss of $80 million, compared to $124 million […]