Wayfair Inc. (NYSE:W) Q4 2022 Results Conference Call February 23, 2023 8:00 AM ET

Company Participants

James Lamb - Head of Investor Relations

Niraj Shah - Co-Chairman of the Board

Kate Gulliver - CFO

Steven Conine - Co-Chairman of the Board

Conference Call Participants

Christopher Horvers - JPM

Curtis Nagle - Bank of America

Ygal Arounian - Citigroup

Atul Maheswari - UBS

Seth Basham - Wedbush Securities

Steven Forbes - Guggenheim Partners

Anna Andreeva - Needham

John Blackledge - Cowen

Operator

Good morning, and welcome to Wayfair's Fourth Quarter 2022 Earnings Conference Call. All participants are in a listen-only mode. After the speakers presentation we will conduct the question and answer session. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to James Lamb, Head of Investor Relations. Thank you. Please go ahead, sir.

James Lamb

Good morning, and thank you for joining us. Today, we will review our fourth quarter 2022 results. With me are Niraj Shah, Co-Founder, Chief Executive Officer and Co-Chairman; Steve Conine, Co-Founder and Co-Chairman; and Kate Gulliver, Chief Financial Officer and Chief Administrative Officer. We will all be available for Q&A following today's prepared remarks.

I would like to remind you that our call today will consist of forward-looking statements, including, but not limited to, those regarding our future prospects, business strategies, industry trends and our financial performance, including guidance for the first quarter of 2023. All forward-looking statements made on today's call are based on information available to us as of today's date. We cannot guarantee that any forward-looking statements will be accurate, although we believe that we have been reasonable in our expectations and assumptions. Our 10-K for 2022 and our subsequent SEC filings identify certain factors that could cause the company's actual results to differ materially from those projected in any forward-looking statements made today. Except as required by law, we undertake no obligation to publicly update or revise any of these statements whether as a result of any new information, future events or otherwise.

Also, please note that during this call, we will discuss certain non-GAAP financial measures as we review the company's performance, including adjusted EBITDA, adjusted EBITDA margin and free cash flow. These non-GAAP financial measures should not be considered replacements for and should be read together with GAAP results. Please refer to the Investor Relations section of our website to obtain a copy of our earnings release and investor presentation, which contain descriptions of our non-GAAP financial measures and reconciliations of non-GAAP measures to the nearest comparable GAAP measures.