Wayfair Inc. (NYSE:W) Q3 2024 Earnings Conference Call November 1, 2024 8:00 AM ET

Company Participants

James Lamb - Head of IR
Niraj Shah - CEO, Co-Chairman & Co-Founder
Kate Gulliver - CFO & Chief Administrative Officer
Steve Conine - Co-Chairman & Co-Founder

Conference Call Participants

Ygal Arounian - Citi
Christopher Horvers - JPMorgan
Peter Keith - Piper Sandler
Simeon Gutman - Morgan Stanley
Brian Nagel - Oppenheimer
Curtis Nagle - Bank of America
Colin Sebastian - Baird
Oliver Wintermantel - Evercore ISI

Operator

Good day, and welcome to the Wayfair Third Quarter 2024 Earnings Release and Conference Call. 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] And finally, I would like to advise all participants that this call is being recorded. Thank you.

I'd now like to welcome James Lamb, Head of Investor Relations to begin the conference. James, over to you.

James Lamb

Good morning and thank you for joining us. Today, we will review our third quarter 2024 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 fourth quarter of 2024. 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 2023, 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 any non-GAAP measures to the nearest comparable GAAP measures. This call is being recorded, and a webcast will be available for replay on our IR website.