Wix Results Presentation Deck slide image

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. - 1- 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 WIX.com
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