Exhibit 99.1

Wayfair Announces Fourth Quarter and Full Year 2019 Results

Q4 Net Revenue Growth of 26% Year over Year to $2.5 billion
Q4 Direct Retail Net Revenue Growth of 27% Year over Year to $2.5 billion
20.3 million Active Customers, up 34% Year over Year

BOSTON, MA — February 28, 2020 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, 2019.
Fourth Quarter 2019 Financial Highlights
Total net revenue increased $519.5 million to $2.5 billion, up 25.8% year over year
Direct Retail net revenue increased $529.8 million to $2.5 billion, up 26.5% year over year
U.S. net revenue increased $413.1 million, up 23.9% year over year
International net revenue increased $106.4 million, up 37.1% year over year. International segment Net Revenue Constant Currency Growth was 37.3%
Gross profit was $577.4 million or 22.8% of total net revenue
GAAP net loss was $330.2 million
Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(180.2) million or (7.1)%, respectively of total net revenue
GAAP basic and diluted net loss per share was $3.54
Non-GAAP Diluted Net Loss Per Share was $2.80
Non-GAAP Free Cash Flow was $(158.5) million
At the end of the fourth quarter, cash, cash equivalents, and short- and long-term investments totaled $1.1 billion
Full Year 2019 Financial Highlights
Total net revenue increased $2.3 billion to $9.1 billion, up 34.6% year over year
Direct Retail net revenue increased $2.4 billion to $9.1 billion, up 35.3% year over year
U.S. net revenue increased $2.0 billion, up 33.6% year over year
International net revenue increased $396.1 million, up 41.0% year over year. International segment Net Revenue Constant Currency Growth was 45.7%
Gross profit was $2.1 billion or 23.5% of total net revenue
GAAP net loss was $984.6 million
Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(496.5) million or (5.4)%, respectively of total net revenue
Non-GAAP Diluted Net Loss Per Share was $8.03
Non-GAAP Free Cash Flow was $(597.7) million
“We are pleased to close out another year of significant growth with net revenue up 35% year over year in 2019, as our loyal and growing customer base continues to choose Wayfair as the preferred place to shop for home,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “While already operating at a run rate in excess of $10 billion in annual net revenue, we have barely scratched the surface of our total addressable market and are only just beginning to reap the benefits of our large strategic investments across North America and Europe. To take advantage of the tremendous opportunity ahead, we are taking important steps to further optimize the business and drive greater efficiencies where needed to enhance our customer experience, strengthen our supplier partnerships, and further propel us down the path to profitability.”

1

The following information was filed by Wayfair Inc. (W) on Friday, February 28, 2020 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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