Wix Results Presentation Deck slide image

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. ● ●. 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 ● • 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 Wix.com
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