Wix
collections per new annual subscription in the us increased for the fifth consecutive quarter to an increase of year over year this increase year over year was mainly due to package mix greater adoption of vertical applications increasing market purchases and higher package prices due to the introduction of new products and additional functionality vertical subscriptions growth accelerates growth of commerce and other subscriptions with a vertical application attached continues to exceed our overall subscriptions growth and accelerated compared to we believe our broad range of vertical solutions which are unique to our platform enable us to provide greater value to small businesses operating than our peers we ended with commerce subscriptions strong free cash flow generation with continued investment in the business free cash flow during the quarter was million or million excluding acquisition related costs compared to negative million in the same quarter last year we generated more cash this quarter than in any prior period and our non losses narrowed compared to the same quarter last year we generated an even higher amount of free cash flow than last year while continuing to invest in our business most notably included continued investment in product and technology development marketing and brand activities including our super bowl campaign and costs associated with two acquisitions the improvement in our margin profile and cash flow is a result of our ability to efficiently acquire new subscriptions and our utilization of managed hosting which limits our needs relative to peers raising financial outlook for we are raising our full year financial outlook for due to the than expected financial performance we continue to expect positive non operating income in | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
May 2017
Slide
4 of 16
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