Wix Results Presentation Deck
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GAAP revenue of $84.2 million, 48% Y/Y growth, exceeding prior guidance of $81-82 million
• Collections of $97.7 million exceeded prior guidance of $93-94 million; 46% Y/Y growth is an acceleration from last quarter
• Net premium subscription additions were 171,000; Total subscriptions are up 39% Y/Y to 2.5 million
Non-GAAP gross margin up Y/Y to 87% of Collections compared to 85% in Q3'15
Adjusted EBITDA of $17.9 million, exceeding prior guidance of $14-15 million
Free Cash Flow was $18.7 million, up 122% Y/Y
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Q4'16 Highlights
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Agreed to acquire flok: Wix entered into an agreement to acquire flok, a customer loyalty and engagement platform. flok's
solutions are designed to increase customer value, generate organic referrals and boost online presence and reputation.
• Wix integrates with Square: Wix integrated with Square to give Wix merchants in North America a new way to transact. The
Square integration improves payment processing and allows both online and in-person payments, via a mobile POS.
Wix launches advertising campaign for Super Bowl LI: Wix joined the Super Bowl LI advertiser lineup for the third time in
as many years. This was the first time Wix launched a campaign via YouTube Live and Facebook Live.
• Global E-commerce platform: E-commerce subscriptions reached 332,000 during the quarter; Q4'16 had record additions
• Continued mobile growth: Over 22 million mobile sites created on the Wix platform to date
• Increasing App engagement: App purchases were up 51% Y/Y in Q4 '16; To date, users have installed over 60 million apps
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