Wix Results Presentation Deck
Q1'17 Highlights
GAAP revenue of $92.5 million, 50% Y/Y growth, exceeding prior guidance of $89-90 million
• Collections of $114.5 million exceeded prior guidance of $107-109 million; 51% Y/Y growth is an acceleration from last quarter
Net premium subscription additions were 208,000; Total subscriptions are up 38% Y/Y to 2.7 million
• Non-GAAP gross margin up Y/Y to 86.6% of Collections compared to 85.7% in Q1'16
Free Cash Flow was $14.8 million compared to $(2.1) million in Q1'16 - Free Cash Flow was $17.5 million without DeviantArt
Agreed to acquire DeviantArt: DeviantArt is the world's largest online community dedicated to artists, art enthusiasts and
designers. Wix intends to provide technology and marketing expertise to the DeviantArt universe to enable its users to further their
reach and increase engagement, both online and on mobile.
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• Announcing Timeline for New Platform-Wide Product: Wix intends to launch a closed beta of a new major product in June
and publicly reveal the product in the following months.
• Global E-commerce platform: E-commerce subscriptions reached 357,000 during the quarter
Continued mobile growth: Over 24 million mobile sites created on the Wix platform to date
Increasing App engagement: App purchases were up 41% Y/Y in Q1'17; To date, users have installed over 66 million apps
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Launched Multi-Country Campaign with Manchester City All-Stars in Latin America: Wix and Manchester City teamed up
for an campaign, featuring the Club's star players, to reward a Wix user in Latin America.
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Wix.com
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