GoodRx
over year over year user growth in our prescription related offerings | GoodRx
Company
Deck Type
Deck date
September 2021
Slide
34 of 59
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first quarter financial performance million million million million first quarter highlights revenue and collections exceed top end of guidance growth accelerates year over year revenue grew year over year last quarter while collections grew in collections of million and revenue of million exceeded the top end of our guidance of million and million respectively all key performance metrics further improvement in our key performance metrics as a result of our superior product and technology as well as strong execution of our marketing and branding strategy improve we experienced a registered users increased by a record million during the quarter bringing our total user base to million as of the end of premium subscriptions increased year over year to million we added a record net premium subscriptions during the quarter subscriptions purchased by users that registered during the quarter represent over million in future value that we expect to collect over the next six years without any additional marketing new paid subscriptions purchased by registered users that joined our platform during were higher than subscriptions purchased by new users in the cohort this was due to an increase in registered users and record conversion of registered users to paid subscriptions we achieved this growth while maintaining our of months the continued improvement in conversion is a result of ongoing enhancements to our editor platform continued benefits from and the overall improved functionality of our | Wix
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of our total subscriptions are annual or longer the change in mix of new subscriptions by subscription term was driven by a change in promotional activity in as well as ongoing optimization of our acquisition funnel that we first implemented in and that enabled us to successfully capture more monthly subscriptions over the past two quarters our success of capturing more monthly subscriptions was incremental to the strong growth we continue to see in purchases of annual and longer duration subscriptions we are encouraged by the incremental monthly subscriptions added to our platform as users that subscribe to monthly packages are able to experience our full product for a very affordable price many times leading to a longer term subscription in the future we ended with over commerce subscriptions compared to in the same quarter last year subscriptions with a vertical application attached continue to grow well ahead of our overall subscriptions as our product continues to attract more merchants and small businesses to our platform | Wix
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