Wix Results Presentation Deck
Second Quarter Highlights
Revenue and Collections exceeded high end of guidance again. Revenue
grew 51% year over year to $103.5 million while Collections grew 44% year over
year to $117.1 million. Both metrics exceeded the high end of guidance of $101
- $102 million and $116 - $117 million, respectively.
All key performance metrics improved year over year. Continued execution
in product development and marketing drove improved metrics:
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Registered Users increased by 5.5 million during the quarter, 7% higher
than Q2 last year and the highest in a quarter after Q1 2017. Our total user
base grew to 109 million as of the end of Q2 2017, representing 24% year
over year growth.
Premium Subscriptions increased 35% year over year to 2.9 million. We
added 192,000 net premium subscriptions during the quarter, our
second highest quarter ever.
We expect our existing user cohorts to produce $2.4 billion
in value over the next six years without any further investment in marketing.
Conversion of users to premium subscriptions remains consistently high,
increasing 16% year over year.
Collections per new annual subscription in the US was $156, similar to Q1
2017 and an increase of 8% year over year. Users continue to purchase
packages with a vertical application attached at a faster rate than non-
vertical packages.
Continued strong free cash flow generation. Free cash flow during the
quarter was $17.4 million, compared to $10.2 million in the same quarter last
year, representing 17% annual growth. We continue to generate positive free
- 2-
Second Quarter Financial Performance
Actual Results
GAAP
Revenue
Collections
$103.5 million
$117.1 million
Prior Guidance
$101-102 million
$116-117 million
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