Wix
financial performance revenue of million increased year over year from million in the third quarter last year and exceeded the high end of our guidance range of million collections were million in above the high end of our guidance range of million and higher than last year the strong growth in collections was primarily the result of continued improvements in conversion of registered users to premium subscriptions collections growth was also bolstered by strong renewal activity in the ratio of renewed subscriptions to subscriptions eligible for renewal was the highest in our history our updated guidance for represents year over year growth which would be the third consecutive year of annual growth with much numbers our growth on a quarterly basis is positively impacted throughout a year by new product and technology launches enhancements we make to existing products and changes to marketing activities which is common to product and technology companies such as ours this growth may not happen linearly throughout a year or repeat itself in the same manner across multiple years for example in the last three years our year over year growth on a quarterly basis has come in different patterns however on a full year basis for all three years we have seen similar annual growth overall annual collections per new subscription grew to in a increase over we continue to see strong growth in purchases of higher priced subscriptions with vertical applications attached as well as third party applications we monitor this metric as it is an indicator of the amount we collect from new subscription purchases in a quarter which is important for our calculation of time to return on investment non gross margin was of revenue compared to in and in we maintain strong gross margins as we leverage our wee fee | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
November 2017
Slide
4 of 19
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