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.
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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
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