Wix Results Presentation Deck
We are also updating our guidance for stock based compensation
expense, which we now expect to be approximately $28.5 million for
the full year.
For the fourth quarter of 2016, we expect the following:
Collections of $93 to $94 million, representing 39% to 41% year over
year growth. We do not expect year over year changes in FX rates to
have a material impact on Q4 collections.
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Revenue in the range of $81 to $82 million, representing 43% to 44%
annual growth.
Adjusted EBITDA of $14 to $15 million. This will be the last quarter that
we provide guidance for Adjusted EBITDA.
For the fourth quarter, we also expect to be profitable by approximately
$1 million on a non-GAAP operating income basis.
We are very excited about our momentum as we begin to look ahead to 2017.
Our investment in product development led to several product launches
throughout the year, driving continued improvements in conversion and
collections per new subscription. These improvements have allowed us to
continue to grow our investment in marketing and brand development while
remaining within our targeted return levels.
With subscriptions and collections expected to continue growing at very
healthy levels, we anticipate that we will generate positive non-GAAP
operating income for the full year 2017. We will provide a more detailed look
into 2017, including formal guidance, on our Q4 earnings call in February.
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