Wix Results Presentation Deck
a richer front-end development environment for these types of users. With the
success of the beta, we intend to begin rolling out Wix Code globally in
the coming weeks.
We continue to increase our rate of return on investments in marketing
and R&D as free cash flow increased 101% y/y to $18.9 million in the third
quarter. We continue to demonstrate an ability to generate free cash flow while
maintaining investment in the business to drive growth. Our total cash balance
increased to $209.7 million at the end of Q3.
We are increasing our annual guidance for revenue, collections and free
cash flow, reflecting our continued confidence in the execution of product
innovation and world class marketing. Looking ahead, we expect that the same
drivers of growth in 2017 - new products, continued improvements to existing
products and a data driven marketing strategy - will fuel our growth in 2018.
- 2-
Wix.comView entire presentation