Wix Results Presentation Deck slide image

Wix Results Presentation Deck

Financial Performance Please note all financial metrics include the impact of flok and DeviantArt, as both acquisitions closed in Q1. Collections were a record $114.5 million in Q1, above the high end of our guidance range of $107-109 million. Collections growth accelerated for the second consecutive quarter to 51% year over year from 46% year over year last quarter and 35% year over year growth in Q1 2016. Collections increased 17% quarter over quarter, the highest Q1 sequential increase in collections since Q1 2014. This accelerating top-line growth was mostly a result of continued improvements in conversion of registered users to premium subscriptions, strong renewal activity, and higher collections per new annual subscription. As a reminder, collections is a non-GAAP financial measure that represents total cash we collect from customers in a given period primarily from the sale of annual or longer and monthly premium subscriptions. It is the sum of revenue and change in deferred revenue for the same period. We believe collections is a strong leading indicator of our revenue growth and is a useful metric to best evaluate the overall cash inflow of our business. Revenue of $92.5 million was a new record and also exceeded the high end of our prior guidance of $89-90 million. Revenue growth accelerated to 50% year over year from 48% last quarter and 38% year over year growth in Q1 2016. In compliance US GAAP, revenue from the sale of subscriptions and domain name registrations is recognized ratably over the term of service, either monthly or annually (after a 14-day refund period). Change in deferred revenues was $22.0 million compared to $13.5 million last quarter. Deferred revenue consists almost entirely of amounts received from subscription sales that we expect to recognize within one year, while long- term deferred revenue consists of amounts we expect to receive in periods - 4- $66.9 $75.7 $56.8 Collections (in $ Mn) $81.5 $61.6 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 $87.3 GAAP Revenue (in $ Mn) $68.7 $97.6 $75.6 $84.2 51% Y/Y $114.5 Q1'17 50% Y/Y $92.5 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Wix.com
View entire presentation