Wix Results Presentation Deck
Q3'17 Financial Highlights
• Revenue of $111.0 million exceeded prior guidance of $109-110 million; 47% Y/Y growth
• Collections of $120.1 million exceeded prior guidance of $117-118 million; 38% Y/Y growth
• Gross margin on a GAAP basis was 83%, compared to 85% in the third quarter of last year
Non-GAAP gross margin of 84%, compared to 86% in Q3'16¹
Free cash flow was $18.9 million compared to $9.4 million in Q3'162; 101% Y/Y growth
• Net premium subscription additions were 188,000 total subscriptions were up 33% Y/Y to 3.1 million
Added 5.2 million new registered users - total registered users were 114 million, representing 23% Y/Y growth
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¹Non-GAAP gross margin represents GAAP gross profit adjusted for the impact of share-based compensation expense, acquisition-related costs, and amortization
divided by revenue
2Net cash provided by operating activities for the third quarter of 2017 was $22.1 million, while capital expenditures totaled $3.1 million, leading to free cash flow of
$18.9 million
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