Wix Results Presentation Deck
Our focused investment in product, as well as our efficient user acquisition
and branding strategies continue to have meaningful positive impacts on our
overall business growth and financial results. Q4 was no exception as we
achieved record quarterly financial performance while, once again,
exceeding the high end of our financial guidance for all key metrics.
Our Q4 2016 performance was highlighted by accelerating collections growth
to 46% and revenue growth to 48% year over year, record conversion of
registered users to premium subscriptions, record collections per new annual
subscription in the US, and greater adoption of our vertical solutions. We also
achieved a major milestone by delivering our first quarterly non-GAAP profit.
The inflection to non-GAAP profitability was stronger than expected,
highlighting the flexibility and scalability of our low, fixed-cost model.
The fourth quarter capped what was a truly exceptional year for Wix in 2016:
Collections grew 42% over the prior year - faster growth than in 2015;
GAAP revenue grew 43% year over year
Net premium subscriptions increased by nearly 698,000 to 2.5 million,
39% over the prior year
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Collections per new annual subscription in the US increased 16% year
over year to $153
Registered users increased 20 million to 97.4 million
Free cash flow increased 149% year over year to $36.2 million
generated more free cash flow in Q4 2016 than in all of 2015
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we
Released many new products and updates to our Wix OS platform,
including Wix ADI, the mobile Wix App, and several vertical solutions
including market leading portfolio features for photographers
Fourth Quarter Financial Highlights
Collections
$97.7 Million (+46% y/y)
GAAP Revenue
$84.2 Million (+48% y/y)
Free Cash Flow
$18.7 Million (+122% y/y)
Registered Users
97 Million (+26% y/y)
Premium Subscriptions
2.5 Million (+39% y/y)
Full Year 2016 Financial Highlights
Collections
$342.1 Million (+42% y/y)
GAAP Revenue
$290.1 Million (+43% y/y)
Free Cash Flow
$36.2 Million (+149% y/y)
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