Wix Results Presentation Deck slide image

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) Wix.com
View entire presentation