Wix Results Presentation Deck
Business Outlook
Note that all financial metrics in our outlook include the impact of flok and
DeviantArt.
We are increasing our full year outlook for all key metrics due to the
outperformance we experienced in Q1 and our updated expectations for
the remainder of the year. As a reminder, our forward looking statements
are based on current expectations and assumptions.
For the full year 2017, we now expect the following:
Revenue in the range of $421 to $423 million, an increase of 45% to
46% year over year. This range is an increase from our prior guidance
of $417 to $419 million announced with our acquisition of DeviantArt
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Collections in the range of $473 to $477 million, representing annual
growth of 38% to 39% and an increase over our prior range of $461 to
$467 million announced with our acquisition of DeviantArt
Free Cash Flow of $67 to $68 million, which is an increase from the
guidance of $63 to $64 million we provided with our acquisition of
DeviantArt. Our product investments into DeviantArt began in Q1, and
it will continue in the coming years. We expect net free cash flow
investment into DeviantArt of roughly $8 million in 2017. We anticipate
that incremental investments into DeviantArt for the next two to three
years including 2017 will be up to $20 million and that the impact will
be breakeven at some point in 2019
We reaffirm our guidance for non-GAAP gross profit as a percent of
collections of approximately 87% and non-GAAP S&M expense as a
percent of collections of approximately 40% to 41% for the full year
Non-GAAP Financial Outlook
GAAP Revenue
% Y/Y
Collections
% Y/Y
Gross Profit (% collections)
S&M (% collections)
OpEx (% collections)
Capex
Free Cash Flow
% Collections
SBC Expense
Basic Shares O/S
Fully Diluted Shares O/S
(In $ millions)
Q2'17
2017 2017
Prior Updated Initial
$417-419 $421-423 $101-102
44%
45-46% 47-48%
$461-467 $473-477 $116-117
35-37%
42-44%
38-39%
~87%
~87%
40-41%
40-41%
70-71%
70-71%
~$6-7
~$6-7
$63-64 $67-68
13-14%
14%
~$39-40 ~$39-40
48-49mn
48-49mn
57-58mn
57-58mn
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