Blackwells Capital
| Blackwells Capital
Company
Deck Type
Sector
Industry
Deck date
March 2024
Slide
104 of 115
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the fundamentals of our business that drove growth in the first quarter of continued to drive strong financial results in the second quarter we produced record collections and revenue in and we once again exceeded the top end of our guidance range for all key metrics the this quarter can be attributed to continued improvements in the conversion of registered users to premium subscriptions as we added net premium subscriptions the second most net additions in our history second only to additionally we continue to capitalize on a very large and global market opportunity with a data driven marketing strategy that produced over million new registered users in the quarter the second most ever in a single quarter ever the ongoing investment in and marketing continues to produce strong growth in our business and at the same time our business model enables us to continue to increase our free cash flow growth this combination of high growth and growing cash flow generation is unique and illustrates our ability to consistently execute against our strategic objectives code is our latest innovation that further demonstrates our ability to develop pioneering products and technology code enables advanced users such as designers and developers to build web applications of all kinds code can be used to power highly dynamic functionality for any business use as well as web applications of all types the technology allows users to focus on the experience and application logic without the need to worry about infrastructure we believe code is unmatched in the market today and greatly expands our market opportunity to address more advanced development opportunities second quarter financial highlights million million million million million million | Wix
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