Wix
financial performance the following fourth quarter and full year results are based on the revenue recognition standard our guidance for will be based on the new revenue recognition standard as discussed further in that section a reconciliation of based on to is provided in a separate presentation that is posted on our investor relations revenue in was up and exceeded the high end of our guidance range of revenue in was increased and was above the high end of our guidance range of collections in were up well exceeding the high end of our guidance range of collections in were up and above the high end of our range of full year collections growth of marks the third consecutive year of growth renewal rates were higher than our expectations in and were one of the primary drivers of collections growth in the quarter collections growth in was also driven by continued increases in conversion of registered users to premium subscriptions and increases in average collections per new subscription in we reached the highest levels of both conversion and subscription retention rates in our history collections in was positively impacted by approximately million in currency rates as the and pound strengthened in on a basis relative to the us dollar collections growth of in also demonstrates how the fundamentals of our business continued to improve throughout the year our initial guidance for collections growth provided in was and including the impact of we experienced a similar pattern of incremental improvements in when we initially guided to collections growth and achieved for the year | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
March 2018
Slide
5 of 25
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