Wix Results Presentation Deck
Q3, 83% of our total subscriptions are annual or longer. The change in mix of
new subscriptions by subscription term was driven by a change in promotional
activity in Q3, as well as ongoing optimization of our acquisition funnel that we
first implemented in Q2 and that enabled us to successfully capture more
monthly subscriptions over the past two quarters. Our success of capturing
more monthly subscriptions was incremental to the strong growth we continue
to see in purchases of annual and longer duration subscriptions.
We are encouraged by the incremental monthly subscriptions added to our
platform as users that subscribe to monthly packages are able to experience
our full product for a very affordable price, many times leading to a longer term
subscription in the future.
We ended Q3 with over 305,000 e-commerce subscriptions compared to
225,000 in the same quarter last year. Subscriptions with a vertical application
attached continue to grow well ahead of our overall subscriptions as our
product continues to attract more merchants and small businesses to our
platform.
% New Subscriptions By Subscription Term
75%
25%
Q2'15
77%
79%
23%
77%
21%
23%
Q3'15 Q4'15 Q1'16
1-Year or Longer
75%
25%
Q2'16
Monthly
65%
35%
Q3'16
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