Wix Results Presentation Deck
Our consistent outperformance confirms that leveraging our software
investments and utilizing technology to execute our marketing strategy leads
to strong financial returns.
We have a robust product development pipeline planned for 2017 and plan to
introduce a new product to our user and developer communities that
significantly expands the capabilities of our platform and further strengthens
our technology leadership.
Fourth Quarter Highlights
Q4 outperformance highlighted by acceleration of top line growth,
exceeding top end of guidance: Our business continues to perform better
than expected as we set a new record for quarterly revenue and collections
and exceeded the high end of our prior guidance. Revenue grew 48% year
over year in Q4 vs. 41% last quarter; collections growth accelerated to 46%
from 42% in Q3.
Sharp profit inflection and cash flow generation: Operating losses turned
to operating profits during the quarter as we delivered our first quarterly profit
ever. Non-GAAP operating income was $3.9 million in Q4 compared to a loss
of $1.2 million in Q3 and our outlook for breakeven. We generated positive free
cash flow of $18.7 million in the quarter. Our ability to deliver high growth,
profitability, and positive cash flow AT SCALE is unique amongst our peers
and is a direct result of our product innovation and marketing execution.
Adjusted EBITDA was positive for the seventh consecutive quarter, at a record
$17.9 million and was also above the high end of our guidance.
Continued improvement in key performance metrics: Our focus on product
and technology, as well as our effective marketing and branding, drove further
improvement in our key performance metrics:
- 2-
Fourth Quarter Financial Performance
Prior Guidance
GAAP Revenue
Collections
Adj. EBITDA
Actual Results
$84.2 million
$97.7 million
$17.9 million
$81-82 million
$93-94 million
$14-15 million
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