{"id":484486,"date":"2021-04-29T09:05:17","date_gmt":"2021-04-29T13:05:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wine-com-revenue-reaches-355-million-in-fiscal-year-2021\/"},"modified":"2021-04-29T09:05:17","modified_gmt":"2021-04-29T13:05:17","slug":"wine-com-revenue-reaches-355-million-in-fiscal-year-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wine-com-revenue-reaches-355-million-in-fiscal-year-2021\/","title":{"rendered":"Wine.com revenue reaches $355 million in Fiscal Year 2021"},"content":{"rendered":"<h2>\nLeading online wine retailer closes record breaking year<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>San Francisco, CA, April  29, 2021  (GLOBE NEWSWIRE) &#8212; Wine.com, the nation\u2019s leading online wine retailer, ended the fiscal year on March 31 with $355 million in revenue, representing 115% year-over-year growth.\u00a0<\/p>\n<p>The year was highlighted by record-breaking growth and engagement across all customer segments:<\/p>\n<p \/>\n<ul>\n<li> Membership in <a href=\"https:\/\/www.wine.com\/content\/landing\/stewardship\" rel=\"nofollow noopener\" target=\"_blank\">StewardShip<\/a> increased 97% as customers subscribed for unlimited free shipping. Revenue from those members increased 146% to $209 million, representing nearly 60% of total company revenue.<\/li>\n<li>\n          <a href=\"https:\/\/apps.apple.com\/US\/app\/id1196073924\" rel=\"nofollow noopener\" target=\"_blank\">Wine.com\u2019s 4.8 star app<\/a> (61,209 reviews) and mobile devices accounted for $117 million in revenue, a 141% increase year-over-year. Customer wine ratings on the app grew 284%.<\/li>\n<li>Millennials and Generation Z continue to be the largest and fastest-growing segment of new customers, representing 44% of all new Wine.com customers during the year.<\/li>\n<li>Over 100,000 households were entertained by winemakers and celebrities in the company\u2019s ongoing series of <a href=\"http:\/\/www.wine.com\/experiences\" rel=\"nofollow noopener\" target=\"_blank\">virtual wine tastings.<\/a><\/li>\n<li>Thousands of <a href=\"http:\/\/www.wine.com\/picked\" rel=\"nofollow noopener\" target=\"_blank\">Picked by Wine.com<\/a> customers read notes from their personal sommeliers as they unboxed six wines handpicked just for them. Picked by Wine.com is the company\u2019s new personalized wine club.<\/li>\n<li>In the fourth fiscal quarter Goldman Sachs Asset Management led a round of financing in the company to fund marketing and initiatives such as Picked by Wine.com, as well as to build further operational scale.<\/li>\n<\/ul>\n<p>\u201cCustomers who found us during COVID to avoid a trip to the store are realizing Wine.com offers selection, guidance and convenience you can\u2019t find in stores,\u201d said Rich Bergsund, Wine.com CEO.\u00a0 \u201cWe\u2019re excited to use technology to inspire wine and spirits discovery and continue the acceleration toward Ecommerce in our category.\u201d<\/p>\n<p \/>\n<p>\n        <b>About Wine.com<\/b>\n      <\/p>\n<p>Wine.com offers selection, guidance and convenience not found in stores \u2013 helping customers discover the incredible world of wine with confidence. Live chat sommeliers provide friendly advice and customers receive unlimited shipping all year by joining StewardShip. Wine.com was recently named Wine Enthusiast\u2019s Retailer of the Year. For more information, visit the company\u2019s website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kVIPPwiD9hSrkZIZzKXeq3Hk8Q86w3CDKMwFlMHvgYg-jxWb_ObX_Z450b7QGBiAQSjzQCunjdur5wnwxbSOtQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.wine.com<\/a> or download its app in the Apple Store or Google Play.<\/p>\n<p>\n        <b>Forward-looking statements<\/b>\n      <\/p>\n<p>This press release contains forward-looking statements that relate to anticipated financial performance, management\u2019s plans and objectives for future operations, business prospects, and other matters. Any\u00a0forward-looking\u00a0statement made in this press release speaks only as of the date on which it is made. Wine.com undertakes no obligation to publicly update or revise any\u00a0forward-looking\u00a0statement, whether as a result of new information, future developments or otherwise.\u00a0Actual events or results may differ materially from those described herein due to a number of risks and uncertainties. Wine.com cautions that these statements are subject to risks and uncertainties, many of which are outside of Wine.com\u2019s control and could cause future events or results to be materially different from those stated or implied in this press release, or to not occur at all.\u00a0 Given these uncertainties, you should not place undue reliance on these forward-looking statements.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNjA3MCM0MTQ1NzMwIzIxOTY2NzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/748d1744-b622-48d1-b1d9-a9cf42f8d798\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Addie Wallace\r\nWine.com\r\npress@wine.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading online wine retailer closes record breaking year San Francisco, CA, April 29, 2021 (GLOBE NEWSWIRE) &#8212; Wine.com, the nation\u2019s leading online wine retailer, ended the fiscal year on March 31 with $355 million in revenue, representing 115% year-over-year growth.\u00a0 The year was highlighted by record-breaking growth and engagement across all customer segments: Membership in StewardShip increased 97% as customers subscribed for unlimited free shipping. Revenue from those members increased 146% to $209 million, representing nearly 60% of total company revenue. Wine.com\u2019s 4.8 star app (61,209 reviews) and mobile devices accounted for $117 million in revenue, a 141% increase year-over-year. Customer wine ratings on the app grew 284%. Millennials and Generation Z continue to be the largest and fastest-growing segment &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wine-com-revenue-reaches-355-million-in-fiscal-year-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wine.com revenue reaches $355 million in Fiscal Year 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-484486","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wine.com revenue reaches $355 million in Fiscal Year 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wine-com-revenue-reaches-355-million-in-fiscal-year-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wine.com revenue reaches $355 million in Fiscal Year 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Leading online wine retailer closes record breaking year San Francisco, CA, April 29, 2021 (GLOBE NEWSWIRE) &#8212; Wine.com, the nation\u2019s leading online wine retailer, ended the fiscal year on March 31 with $355 million in revenue, representing 115% year-over-year growth.\u00a0 The year was highlighted by record-breaking growth and engagement across all customer segments: Membership in StewardShip increased 97% as customers subscribed for unlimited free shipping. Revenue from those members increased 146% to $209 million, representing nearly 60% of total company revenue. Wine.com\u2019s 4.8 star app (61,209 reviews) and mobile devices accounted for $117 million in revenue, a 141% increase year-over-year. Customer wine ratings on the app grew 284%. 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