Wix Results Presentation Deck
Q2'17 Financial Highlights
• Revenue of $103.5 million, exceeding prior guidance of $101-102 million; revenue growth accelerates to 51% Y/Y
• Record collections of $117.1 million exceeded prior guidance of $116-117 million; 44% Y/Y growth
Gross margin on a GAAP basis was 83%, compared to 84% in the second quarter of last year
Non-GAAP gross margin of 84%, compared to 85% in Q2'16¹
Free cash flow was $17.4 million compared to $10.2 million in Q2'16²
• Net premium subscription additions were 192,000 second highest quarter ever; total subscriptions are up 35% Y/Y
to 2.9 million
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• Added 5.5 million new registered users, the second highest quarterly users additions in our history; total registered
users were 109 million, representing 24% Y/Y growth
¹Non-GAAP gross margin represents GAAP gross profit adjusted for the impact of share-based compensation expense, acquisition-related costs and amortization
divided by revenue
2Net cash provided by operating activities for the second quarter of 2017 was $19.7 million, while capital expenditures totaled $2.2 million, leading to free cash flow
of $17.4 million
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