Wix Results Presentation Deck
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GAAP revenue of $290 million, 43% Y/Y growth, exceeding prior guidance of $287-288 million
• Collections of $342 million exceeded prior guidance of $337-338 million; 42% Y/Y growth is an acceleration from 2015
• Added over 20 million new registered users to reach 97 million. As of February 2017, Wix had over 100 million registered users
• Net premium subscription additions were 698,000; 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 2015
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Adjusted EBITDA of $42.6 million, exceeding prior guidance of $38.5-39.5 million
• Free Cash Flow was $36.2 million, up 149% Y/Y
S&M expense was 44% of collections - at the low-end of guidance at 44-45% and an improvement from 48% in 2015
2016 Highlights
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Wix.com
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