Wix Results Presentation Deck
The fundamentals of our business that drove growth in the first quarter of 2017
continued to drive strong financial results in the second quarter. We produced
record Collections and Revenue in Q2, and we once again exceeded the
top end of our guidance range for all key metrics.
The outperformance this quarter can be attributed to continued improvements in
the conversion of registered users to premium subscriptions, as we added
192,000 net premium subscriptions, the second most net additions in our history
(second only to Q1 2017).
Additionally, we continue to capitalize on a very large and global market
opportunity with a data driven marketing strategy that produced over 5.5 million
new registered users in the quarter, the second most ever in a single quarter ever.
The ongoing investment in R&D and marketing continues to produce strong
growth in our business, and at the same time, our business model enables us to
continue to increase our free cash flow growth. This combination of high growth
and growing cash flow generation is unique and illustrates our ability to
consistently execute against our strategic objectives.
Wix Code is our latest innovation that further demonstrates our ability to develop
pioneering products and technology. Wix Code enables advanced users, such as
designers and developers, to build web applications of all kinds. Wix Code can
be used to power highly customized, dynamic website functionality for any
business use as well as standalone web applications of all types. The serverless
technology allows users to focus on the frontend experience and application logic
without the need to worry about backend infrastructure. We believe Wix Code is
unmatched in the market today and greatly expands our market opportunity to
address more advanced development opportunities.
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Second Quarter Financial Highlights
GAAP Revenue
$103.5 Million (+51% y/y)
Collections
$117.1 Million (+44% y/y)
Net Cash Provided by Operating Activities
$19.7 Million (+74% y/y)
Free Cash Flow
$17.4 Million (+71% y/y)
Registered Users¹
109 Million (+24% y/y)
Premium Subscriptions¹
2.9 Million (+35% y/y)
¹Registered Users and Premium Subscriptions exclude Members and
Subscriptions from DeviantArt
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