Wish
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 2.5b | 2.1b | 571m | 287m | 43.0m | 225m | - |
% growth | 34 % | (18 %) | (73 %) | (50 %) | (85 %) | 423 % | - |
EBITDA | (509m) | (358m) | (392m) | (324m) | (59.5m) | (1.0m) | (1.0m) |
% EBITDA margin | (20 %) | (17 %) | (69 %) | (113 %) | (138 %) | - | - |
Profit | (745m) | (361m) | (384m) | (317m) | (72.5m) | (<1m) | (<1m) |
% profit margin | (29 %) | (17 %) | (67 %) | (110 %) | (169 %) | - | - |
EV / revenue | 3.4x | 0.5x | -0.7x | -0.8x | -0.3x | -0.1x | - |
EV / EBITDA | -17.2x | -2.8x | 1.0x | 0.7x | 0.2x | 10.6x | 9.7x |
R&D budget | 222m | 208m | 194m | 152m | - | - | - |
R&D % of revenue | 9 % | 10 % | 34 % | 53 % | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
$1.7m | Seed | ||
$1.7m | Seed | ||
$8.0m | Series A | ||
$19.0m | Series B | ||
$50.0m | Series C | ||
N/A | Series D | ||
$500m Valuation: $3.0b | Series D | ||
$500m | Series F | ||
$500m Valuation: $3.0b | Late VC | ||
* | N/A | Late VC | |
* | $250m Valuation: $8.5b | Growth Equity VC | |
N/A | N/A | - | |
N/A | Secondary | ||
$300m Valuation: $11.2b 6.5x EV/LTM Revenues -52.1x EV/LTM EBITDA | Series H | ||
N/A | $1.1b Valuation: $14.1b 7.4x EV/LTM Revenues -107.6x EV/LTM EBITDA | IPO | |
* | $173m | Acquisition | |
Total Funding | €1.9b |
Related Content
Recent News about Wish
EditWish.com is an online marketplace that focuses on providing affordable products across various categories, including fashion, beauty, home decor, and lifestyle items. The company operates in the e-commerce sector, serving a diverse range of clients from around the world. Wish's primary customers are budget-conscious shoppers looking for trendy and stylish products at lower prices.
The market Wish operates in is highly competitive, with numerous other online retailers vying for consumer attention. However, Wish differentiates itself by offering a wide array of products at significantly lower prices, often sourced directly from manufacturers. This allows the company to keep costs down and pass the savings on to customers.
Wish's business model is based on a direct-to-consumer approach, where it connects buyers directly with sellers, often manufacturers, who list their products on the platform. This model eliminates the need for intermediaries, reducing costs and allowing for competitive pricing. Wish makes money by charging sellers a commission on each sale and through advertising fees. Sellers can pay to have their products featured more prominently on the platform, increasing their visibility and sales potential.
In addition to being a marketplace, Wish also positions itself as a hub of inspiration. The company's lifestyle blog offers tips and trends in beauty, style, and home decor, helping customers make informed purchasing decisions. This content-driven approach not only engages users but also encourages them to explore and buy more products.
Wish's global reach is extensive, with operations in numerous countries, including the United States, Canada, Australia, and many European nations. This international presence allows Wish to tap into a broad customer base and cater to various market needs.
Keywords: affordable, e-commerce, fashion, beauty, home decor, lifestyle, direct-to-consumer, global, inspiration, trends.