Exhibit 99.1

Wayfair Announces Fourth Quarter and Full Year 2018 Results

Q4 Direct Retail Net Revenue Growth of 41% Year over Year to $1,996 million
Full Year 2018 Direct Retail Net Revenue Growth of 45% Year over Year to $6,718 million
15.2 million Active Customers, up 38% Year over Year

BOSTON, MA — February 22, 2019 Wayfair Inc. (NYSE: W), one of the world’s largest online destinations for the home, today reported financial results for its fourth quarter and full year ended December 31, 2018.
Fourth Quarter 2018 Financial Highlights
Direct Retail net revenue, consisting of sales generated primarily through Wayfair’s sites, increased $576.6 million to $1,995.8 million, up 40.6% year over year
Gross profit was $485.1 million or 24.1% of total net revenue
GAAP net loss was $143.8 million
Adjusted EBITDA was $(53.8) million or (2.7)% of total net revenue
GAAP basic and diluted net loss per share was $1.59
Non-GAAP diluted net loss per share was $1.12
Non-GAAP free cash flow was $(23.2) million
At the end of the fourth quarter, cash, cash equivalents, and short-term and long-term investments totaled $970.3 million
Full Year 2018 Financial Highlights
Direct Retail net revenue increased $2.1 billion to $6.7 billion, up 44.7% year over year
GAAP net loss was $504.1 million
Adjusted EBITDA was $(215.0) million or (3.2)% of total net revenue
Non-GAAP free cash flow was $(137.1) million
“We are pleased to report another year of significant growth with total net revenue up $2.1 billion to $6.8 billion in 2018, and a record fourth quarter, which represented the largest year over year dollar growth in a single quarter in our history,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “We remain focused on our long-term approach to investing in the business, and believe the Company’s outsized growth at scale is a testament to the strength of our brand and platform as we redefine the shopping experience in our category. Our offering is resonating more and more with our customers in North America and Europe, and we see clear parallels in the progress of our businesses in Canada, the United Kingdom and Germany and the successful course of Wayfair.com in the U.S. at similar stages of development. We continue to expand our proprietary logistics infrastructure and take greater control of our inbound supply chain, enabling us to offer faster and more seamless delivery to customers and putting suppliers in the best possible position to scale their businesses as spend in our category moves online at pace. In 2019, we look forward to building upon the strength we see across our business today as we continue to innovate in creating the best possible shopping experience for home.”


1

The following information was filed by Wayfair Inc. (W) on Friday, February 22, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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