I'll focus continued Katapult joining our how quarter us drivers the which my excited future Today, of and this we and our profitability. third commentary to results Jennifer, for performance, positioning you improved growth to Thank about on year-over-year. morning.
We're you, and everyone talk are
our say After his Chief asked In progress. these priorities accelerate to through eighth can our another Nancy our top take gross for Growth addition, efforts period outlook.
QX will financial and of results deliver update an Derek us few role I've this, new consecutive how words to us, XXXX quarter our Officer, on across-the-board and as we're provide of proud a originations his marked and growth. about progress
successfully EBITDA. origination adding and QX, and delivered revenue we XXXX, during have our originations, originations. Throughout solid gross we diversified base healthy gross Pay growing Katapult adjusted waterfall Beyond and by rapidly merchants growth a direct new
grew result, QX. XX% we QX year-over-year from achieved than gross than in a XX% excludes up which more more our originations, growth As total of XX% Wayfair, year-over-year,
more of portion home gross XX% included quarter, this for that year-over-year. grew the applications category, Wayfair. addition, within an In outlook Last for discussed we by than we originations business, see the at improvement that would particularly furnishings assumption our
control we initiatives you meaningfully. Wayfair flow this, a in ultimately, And put QX, I of we while will to the volume. During few the walk application down place was application through can't offset
been As originations of gross approximately gross category expectations.
Overall, grown of XX% a the QX have had if originations year. short result, last furnishings fell would our just Wayfair compared home flat to
will this category our when that this So, begins recover growth. be for a believe tailwind to we in earnest,
challenges on have current helping environment. of control, operating offset focus current the our the to macroeconomic initiatives growth environment, are to drivers continued that our Given consumer promotions us base. efforts altogether precise these even our to targeted At And include the within strategic it's launching Wayfair we maintaining important pricing note while we allow including are that more very be underwriting a with expense are making surgically investments, and specifically, streamlined offerings. that that
of eroding without initiatives our the risk profile. Over approval course higher helped drive rates conversion these and QX,
look numbers. So the at let's
able in place, that you to XXX in as initiatives of to and business XXX a overall rest a we point same-day basis in the With highlights walk improvement a these point drive take With XX rates. backdrop, point like of take year-over-year rates improvement XX% the some a I'd our achieved rates basis basis that improvement were from for through in growth. Wayfair, approval
Let's progress merchant strategy. against start our QX our with
now ensuring by merchant three, strategy variety are developments Two, discuss through anchor durable we Our PayTomorrow relationship. one, our platform. merchants a live our to X looking acquire. have agreement a to direct a offer of platform. our new integration share these And either Katapult. convert goods quarter.
Last integrating and we with new integration with have financing We have merchants around merchants, originations already drivers: to growing on announced we with more merchants. new merchants premier have waterfall quarter, with growing waterfall revolves X,XXX this on customers platform, routinely main we to gross XX PayTomorrow, several or market They Starting a their begun than our our progress,
tell BB Wheels, In few is we with me wheels mid-October, you about which U.S. throughout launched tires, Continental Let business a recent launches. the customers and waterfall accessories
Customs, Customs, nationwide with Extreme launched have very a excited a Extreme are waterfall to we our also that base. and We tire, a already retailer customer integration expand relationship. wheels another has accessories We relationship direct for and
U.S. went online customers Agent, wheels serves We also an launched live tire Tire mid-October. company Continental is the Agent that in and across Tire which
the we our to Given and it to excited access large in of excited a their category key economy, are us, platform. for average them power is higher an value home e-commerce of to They furnishings because having and order are Katapult to drawn were app. Katapult the becoming Automotive is welcome than category. has that model, part broad they about our
this with continuing a making our few with These our and than QX, more larger strategic very expand the we partnership PayTomorrow, quarter on business are XX%, that will we forward We're During an successes front. just it our even to our of part believe and time. relationship. become progress automotive this grew look demonstrate of over pleased steady to are
partnering with As new equally doing current we more focused on with remain we are our focused also merchant merchants, partners. on
you We've highlights. in-store me in reach. this as as or expand to relationships Pathways as include quarter low-cost with XX of these merchant that merchant their well incremental that partners, their growth few broadening About includes Katapult. were merchant QX. showcasing added We as opportunities, with interest experience look XX% ways website a direct in launches at new than the line launch more existing launches Let top our an brand offering. partners new pathways a LTO give new existing or Katapult or waterfall a
merchants. give Less X our of a another you me months with auto relationship products. how Let new our we merchant deepening onboarded wheel specializes is than example that in and team ago, tire our
X to which merchant work impact contributed their we amplify daily tires that agreed in assets continue of performance with to the to our the than pleased growth the in with up during months, they we to categories marketing saw by grow to the XXX% promotional gross the that merchants power that to us leverage merchant originations QX, so After Just their quarter.
Similar and on our was our financing activities. closely saw QX, funnel. from average more we after move move, wheels
do these holiday Labor our if to Day only an other several and of last power their the growth the Labor social launched to XXX XX% our of we promoted rate find period. growth, at to the nearly XX%, mature business. new Labor from applications sites, originations gross variety include partnerships, Labor that Day to promotions XX% respectively, our base a look we approximately this sales impact gross And media week-over-week and profitably Through Katapult performance merchants we domains. This of since point a we during year-over-year, originations grow new basis some during that XX% for with in approximately demonstrates Day ability pricing leading period, led during to across while period. merchants the achieved work to example, our are data and improvement marketing our sales points grew approvals For week-over-week ways merchant these newsletters, take the Day and by growth year,
across to drive mantra is with and As and are merchant market you've attacking heard, when results. opportunity strategy move our of for true we're LTO avenues The growth, to we creatively to our several drive comes a delivering to our urgency sense very great are strategically, continuing it market-leading product. consumer we and executing demand
or and it Starting KPay year-over-year. marketing. progress dive Pay outpace Katapult to has which $XX with expectations originations. into time And XXX% year-to-date, our Let's in has gross KPay, million that of early has continued Katapult delivered with period, grown Pay our
our strengthening in bringing total position our of QX, and the in and category.
Year-to-date, and including $XX is Tire jewelry million number Blue During October, growing QX, our to merchants grew total Rack, tire to added merchants added In XX. which merchants originations early of we've KPay X XX% to X the we in Newegg KPay, KPay, to on merchant on represented base. gross KPay further Nile, first XX.X% KPay wheel
KPay, alone, the confident app During third engagement relationship our strengthen and nearly we quarter the is us KPay our given that feel our allowing growth deepen applications to with in customer And with customers. doubled.
to marketing. Turning
believe on we of with Within in keep users. reasonable. continuing app of to And increasing more majority flow results, active including acquisition We in the users, muscle build increase year-over-year app. remain continue merchant a will in to leverage customer We XX% quarterly from app than are an traffic cadence increase a to marketing we acquisition unique our and partners XX% XX% can driving our complement effectively focused tests. our an marketing, this to downloads consumer resources with receive increase our deliver costs efforts our our the including
We our drive more of of channels to early that than the total Google QX marketing QX, last new marketing of for helped up attributable XXX% than in this more up Ads versus represented which versus have year. QX set number originations gross increased by leases This through launch campaigns coming also the our year-over-year, originations XX% allow app, our and operations quarter. XX% year, in by to we X doubled us
of tech like year. these quarter We potential gross are a and deliver but large first on And partnerships that horizon. excited give make also sense to new you we are an of I basis.
I'd To the annual of range don't on partnerships partnerships referral in types we while also about our on continued the new could app, networks. this specific originations launch to our quarter, on our to several next in of referral front. are partnerships these referral a quick update expanding give exciting their a impact, merchant anything focused you the very expect All enterprise progress to report have
intention our to this And introduce previewed for During past, similar tech we QX, at launch we pilot a only level. we looking our good, product-based show in allowed to the were only search. the our knew In retail could shop of customers a we durable feature. specific them the excited offered first quarter this year, the to retailers that early of products. new When
Now, giving we merchant specific inventory deal. available multiple the get customer to best on can the is show that options sites, them
more In other time, capability Katapult. should intelligence, ultimately are searching unlocking and business areas with into marketing precise insights what purchasing, addition, over and for opportunities this across customers of provide us
allowed need the possible believe approach as and Derek partners spent our appointed journey.
We the strategy and we Katapult last a employees, strength we're direct President reality, progress to have our fantastic merchant innovative we As positioned role top our Nancy continue global taking and new has of marketing the referral this multipronged grow. of quickly and our line business. We make is efforts, and to our you've waterfall to me. recognize partner product, both team led we shareholders, growing to heard, Chief on From to operations the business. of well several our spanning Derek customers He our X app, as growth cross-functional scaled to our we scalable spearheaded appreciate making and the to to to support vision why partnerships, operations of support one Katapult other Officer. KPay to us our to our value. Growth helping and create a direct-to-consumer early technology, terrific teams business we as our of He's merchants, reasons expanding move a and years expand that our that affiliate we're are
give Derek? walks how Nancy like results, before I'd few Derek So top us financial growth opportunities. priorities a our insights we have relentlessly through pursue on his will profitable and to
