Wix Results Presentation Deck slide image

Wix Results Presentation Deck

Second Quarter Highlights Continued strength with all key metrics once again exceeded high end of expectations ● ● ● Free cash flow of $23.9 million was the highest ever in a quarter and was generated in combination with strong top line growth Y/Y growth in free cash flow was 37% Free cash flow was 15% of collections in Q2, compared to 13% in Q1 2018, indicating improved leverage in our business ● ● The momentum and excitement we shared at our Analyst & Investor Day in June are reflected in strong financial results in Q2 Revenue in Q2 was $146.1M, up 41% y/y and ahead of the top end of guidance Collections in Q2 were $159.9M, up 37% y/y and above our expectations Improvements to existing products and new product development drove conversion and retention higher, and ongoing marketing execution and the improving strength of our brand contributed positively to results Momentum in product innovation expanding market opportunity We continue to provide Wix users of all skill levels and backgrounds with a complete product platform so they can create their brands and businesses online ● ● Development of Wix Code continues, and users of all skill levels, including experts and professionals, are creating a wide variety of websites and web applications. We remain excited about the significant opportunity Wix Code presents for the coming years Wix.com -2- Q2 Results vs. Guidance GAAP Revenue Actual Results $146.1 million Prior Guidance $144-145 million Collections Actual Results $159.9 million Prior Guidance $158-159 million Free Cash Flow Actual Results $23.9 million
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