Wix Results Presentation Deck slide image

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 ● ● ● ● - 12- 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 WIX.com
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