Wix Results Presentation Deck
Wix maintained very strong momentum in our business from the first half of
the year and delivered another exceptional quarter. We exceeded the top-end
of our outlook across all key financial metrics and set new records for revenue,
collections and adjusted EBITDA. This quarter was highlighted by continued
growth in excess of 40%, an all-time high in conversion and collections per
new subscription, increased adoption of our vertical applications, and
continued acceleration in our US business.
In addition to our outstanding financial performance, we took greater market
share in the US through targeted branding campaigns and direct acquisition,
and we further extended our technology leadership with global launches of
Wix Artificial Design Intelligence (Wix ADI) and the mobile Wix App.
We are materially raising our full year financial outlook as we have greatly
exceeded our initial growth expectations from the start of 2016, and we are
even more optimistic on our ability to drive improvements in conversion and
collections per new subscription than we were at the end of last quarter.
Third Quarter Highlights
Continued strong execution drove record performance, and our focus on
product and technology, as well as our effective marketing and branding,
drove further improvement in our key performance metrics:
ā
Registered Users increased 5.0 million during the quarter, bringing our
total user base to 92.4 million.
Premium Subscriptions increased 40% year over year to 2.3 million.
We added 174,000 net premium subscriptions during the quarter - our
second highest quarter ever.
Conversion of new registered users to paid subscriptions improved in
Q3 compared to Q2 and reached an all-time high.
Third Quarter Financial Highlights
Collections
$87.3 Million (+42% y/y)
GAAP Revenue
$75.6 Million (+41% y/y)
Free Cash Flow
$9.4 Million (+74% y/y)
Registered Users
92 Million (+28% y/y)
Premium Subscriptions
2.3 Million (+40% y/y)
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