ContextLogic, Inc. (WISH) Q4 2022 Earnings Call Transcript

Feb. 23, 2023 9:22 PM ETContextLogic Inc. (LOGC) StockLOGC
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Q4: 2023-02-23 Earnings Summary

EPS of -$4.71 misses by $0.35
 | Revenue of $123.00M (-57.44% Y/Y) misses by $29.02M

ContextLogic, Inc. (WISH) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET

Company Participants

Ralph Fong - Head, IR
Joe Yan - CEO
Vivian Liu - CFO & COO

Conference Call Participants

Laura Champine - Loop Capital Markets
Steven McDermott - Bank of America Merrill Lynch

Operator

Good day, and thank you for standing by. Welcome to WISH's Fourth Quarter and Full Year 2022 Earnings Call. [Operator Instructions].

And now I'd like to introduce your host for today's program Mr. Ralph Fong, WISH's Head of Investor Relations. Please go ahead.

Ralph Fong

Good afternoon, everyone, and welcome to WISH's Fourth Quarter and Full Year 2020 Earnings Conference Call. I'm Ralph Fong, Director of Investor Relations. And joining me today are our CEO, Joe Yan; and our CFO and COO, Vivian Liu.

Today's prepared remarks have been prerecorded. There is also a slide deck that has been posted to our Investor Relations website, which is available for your reference. Once we are finished with Joe and Vivian's remarks, we will hold a live Q&A session.

The remarks made today include forward-looking statements that are related to among other things, our financial expectations, business and turnaround plans, consumer experience and engagement, expectations regarding merchant relationships and strategic partnerships, the potential impact of our strategic marketing and product initiatives, including ad spending and the rebrand and the anticipated return on our investments and their ability to drive future growth. Our actual results may differ materially from the results implied by these forward-looking statements as certain risks materialize or assumptions prove incorrect. Forward-looking statements involve risks and uncertainties, which are described in today's earnings release and our periodic reports filed with the SEC. Any forward-looking statements that we make on this call are based on our beliefs and assumptions today, and we disclaim any obligation to update them.

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