Wix Results Presentation Deck
Business Outlook
We are again raising our full year outlook for all key metrics by a significant
amount as our financial performance in Q3 greatly exceeded our own
expectations. As a reminder, our forward looking statements are based on
current expectations and assumptions.
Looking ahead to next year, the consistent execution of our mission to deliver
the most comprehensive operating system for small businesses, along with
our effective marketing strategy and disciplined financial management
positions us very well for another year of exceptional top-line growth, strong
margin expansion, and positive cash flow. We will continue to develop and
release new products that resonate with our users and grow our brand
globally. We will provide more details on our financial outlook for 2017 on our
next earnings call in February.
For 2016, we now expect the following:
Collections in the range of $337 to $338 million, representing annual
growth of 39% - 40%, compared to 41% growth in 2015. Our revised
outlook is an increase from our prior full year range of $327 to $330
million. Our collections guidance is approximately $3.5 million higher,
or $340.5 to $341.5 million on a constant-currency basis. This is slightly
higher than we projected in Q2 2016 due to continued depreciation in
the GBP against the US dollar.
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Revenue in the range of $287 to $288 million, an increase from our prior
range of $278 to $280 million.
• Adjusted EBITDA in a range of $38.5 to $39.5 million, an increase from
our prior outlook of $34 to $36 million.
Updated 2016 Financial Outlook
Updated
Guidance
$287 - $288
$337 - $338
$38.5 - $39.5
(in $ mn)
Revenue
Collections
Adjusted EBITDA
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•
Prior
Guidance
$278 - $280
$327 - $330
$34 - $36
Y/Y growth
41% -42%
39% - 40%
162% - 168%
non-GAAP Operating Income ~$1 million in Q4'16
Positive non-GAAP Operating Income in 2017
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