Wix Results Presentation Deck
Second Quarter Highlights
Continued strength with all key metrics once again exceeded high end of
expectations
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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
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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
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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
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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 millionView entire presentation