Wix
our focus on product innovation and efficient marketing execution leads to strong financial results financial performance collections were up year over year to million in above the high end of our guidance range of million and above our prior record for collections in a quarter of million set in collections on a year over year constant currency basis were million an increase of over last year revenue was up year over year to million and also exceeded the high end of our prior guidance revenue on a year over year constant currency basis was million a year over year increase of our top line growth remains very strong and we continue to grow at a faster rate than at the start of the year in fact we remain on pace to grow our top line year over year at virtually the same rate in as we did in our better than expected top line performance this quarter was a result of continued improvements in conversion of registered users to premium subscriptions and higher collections per new premium subscription collections per new subscription increased for the third consecutive quarter and was higher than at the start of the year we continue to see a greater mix of new subscriptions with a vertical application attached in particular bookings and stores we also continue to see more activity in our market with purchases in the quarter up year over year these trends are a testament to the tremendous value small businesses find in the new products and services we introduced this year and our ability to offer business increasing functionality our business was exceptionally strong in the us our and most competitive market us collections growth accelerated to year over year min my | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
November 2016
Slide
4 of 14
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Results
February 2017
strong growth and profitability outlook for we grew our top line in faster than in and we remain very optimistic about our ability to continue delivering strong growth higher profitability and increased cash flow in financial performance collections were million in above the high end of our guidance range of million growth in quarterly collections accelerated to year over year from year over year last quarter the million sequential increase in collections during was our highest such increase ever and we increased at nearly twice the rate as last quarter million and last year million collections for the full year were million an increase of over the prior year this growth was well above our original expectations for the year revenue was up year over year to million and also exceeded the high end of our prior guidance of million revenue growth accelerated from year over year last quarter for the full year revenue was million an increase of over the prior year our top line growth accelerated in both the quarter and full year this outstanding top line performance was a result of continued improvements in conversion of registered users to premium subscriptions strong renewal activity and higher collections per new annual subscription in the us we continue to see a greater preference by new users for subscriptions with a vertical application attached in particular bookings and stores in fact we saw more new subscriptions for vertical solutions in than any prior period as a result collections per new annual subscription in the us increased for the fourth consecutive quarter growing year over year to from at the end of | Wix
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