Wix
free cash flow during the quarter grew to million from million in an increase of over last year our cash balance at the end of was million and we ended the quarter with employees registered users and premium subscriptions our user cohorts contain an incredible amount of financial value without any further investment in marketing we expect our existing user cohorts to generate over billion in value over the next six years our user cohorts also exhibit negative churn our business model combined with an outstanding product experience and high value we provide our subscribers creates cohorts that exhibit negative churn in we added five million new registered users bringing our total registered user base to million this is the third consecutive quarter we have grown our user base by million and over the last four quarters we have added over million registered users our ability to consistently grow our user base at such a healthy pace is the direct result of the execution of our direct marketing strategy and the rapidly growing awareness of our brand we added net premium subscriptions in compared to in last year and we ended the quarter with million subscriptions was our second net additions quarter to date as we converted new and existing registered users into premium subscriptions at a higher rate than ever before in of our new subscriptions came from users who joined in prior quarters these new subscriptions consist of users that had already registered with were using our product and required no significant additional marketing dollars to convert in of new subscriptions purchased were for periods of one year or more with the remaining being monthly subscriptions as of the end of | Wix
Company
Wix
Deck Type
Deck date
November 2016
Slide
7 of 14
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