Wix Results Presentation Deck slide image

Wix Results Presentation Deck

The very strong momentum in our business from our record-setting 2016 continued in the first quarter of 2017. Our top-line growth continued to accelerate, we scaled our platform at a record pace, our financial and performance metrics improved even further, and we generated a greater amount of free cash flow than last year. Our performance this quarter was a result of our consistent execution against our strategic objectives to extend our technology leadership through product innovation, efficiently acquire new subscriptions, and grow our brand globally. Our track record of outperformance demonstrates that leveraging our investments in product and technology development and in our marketing strategy has a meaningful positive impact on our overall business growth and financial performance. During Q1 2017, registered users and net premium subscriptions growth was the highest in our company's history, our collections growth accelerated to 51% year over year and, once again, we delivered results well above the high end of our financial guidance. Our strong top-line growth was driven primarily by record conversion of registered users to premium subscriptions and record collections per new annual subscriptions. In addition to our outstanding financial performance, we continued to accelerate growth in the US, our largest market. We also closed our acquisition of DeviantArt, the world's largest online community of artists, web designers and graphic artists. Looking ahead to the remainder of 2017, we continue to develop an even more robust portfolio of product and technology solutions for small businesses to operate online and are very excited about the pipeline of innovation. Given our scale, our highly scalable operating model, our cost-effective marketing strategy, and our low capital expense needs, we are in a strong position to continue growing our profitability and free cash flow. - 1- First Quarter Financial Highlights Collections $114.5 Million (+51% y/y) GAAP Revenue $92.5 Million (+50% y/y) Free Cash Flow $14.8 Million Registered Users¹ 103 Million (+25% y/y) Premium Subscriptions¹ 2.7 Million (+38% y/y) ¹Registered Users and Premium Subscriptions exclude Members and Subscriptions from DeviantArt WIX.com
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