Overstock Results Presentation Deck

GAAP Retail Operating Margin 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% 2009 in millions $25,000 $1,500 $1,250 $1,000 $750 $500 $250 $- 2010 Capital Raised Amazon 2011 ■ Wayfair Groupon Ooverstock.com "T TT™ 2012 Wayfair 2013 ■Overstock Houzz 2014 Jet 2015 Amazon Zulily 2016 Gilt 2017 Overstock Quarterly Advertising Spend in millions $180 $160 $140 $120 $100 $80 $60 $40 $20 $- See prior slides for sources and notes. $98 $29 $94 $30 Q1 2016 Q2 2016 $101 $32 $116 Q3 2016 ■Wayfair $45 $118 $34 Q4 2016 Q1 2017 $124 $40 ■Overstock $142 $41 Q2 2017 Q3 2017 $166 $50 Q4 2017 17

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