Wayfair Inc (NYSE:W) Q3 2022 Results Conference Call November 3, 2022 8:00 AM ET

Company Participants

James Lamb - Head of Investor Relations

Niraj Shah - Co-Founder, Co-Chairman, President and CEO

Kate Gulliver - Chief Financial Officer and Chief Administrative Officer

Conference Call Participants

Brian Nagel - Oppenheimer

Steven Forbes - Guggenheim Securities

Jonathan Matuszewski - Jefferies

Maria Ripps - Canaccord

Alexandra Staiger - Goldman Sachs

Anna Andreeva - Needham

John Blackledge - Cowen

Operator

Good day, and welcome to the Wayfair Third Quarter 2022 Earnings Release Conference Call. Please note, today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question and answer session. [Operator Instructions].

At this time, I will turn the conference over to James Lamb, Head of Investor Relations.

Mr. Lamb, you may begin your conference.

James Lamb

Good morning, and thank you for joining us. Today, we will review our third 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 we will make forward-looking statements during this call regarding future events and financial performance, including guidance for the fourth quarter of 2022. 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 2021, our 10-Q for this quarter 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.