Wix
financial performance revenue in was up exceeding the high end of our guidance range of under revenue would have been million an increase of collections in were up and exceeded the high end of our guidance range of results outperformed our expectations due to continued increases in conversion of registered users to premium subscriptions and higher than expected changes in currency rates negatively impacted collections in by an immaterial amount i | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
November 2018
Slide
5 of 24
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Results
July 2018
financial performance the following financial results for are presented under as well as for comparability purposes second quarter of financial results are presented under a reconciliation of the second quarter results under and as well as a reconciliation of other non measures discussed in this document are presented in the tables of our earnings press release the following results are also presented unless noted using the change in accounting we announced last quarter related to our revised agreement with beginning in we changed our method of accounting for revenue and collections from net agent to gross principal as previously stated this impact is an approximately million benefit to revenue and collections and approximately million each quarter in this impact also has resulted in a year over year decrease in our and non gross margin revenue in was up exceeding the high end of our guidance range of under revenue would have been million an increase of collections in were up and exceeded the high end of our guidance range of this quarter was driven by conversion and retention exceeding expectations as well as an increase in the adoption of vertical applications changes in currency rates positively impacted collections in by an immaterial amount and were included in the guidance that was provided for the quarter i | Wix
Results
May 2018
financial performance the following financial results for are presented under as well as for comparability purposes first quarter of financial results are presented under a reconciliation of the first quarter results under and as well as a reconciliation of other non measures discussed in this document are presented in the tables of our earnings press release the following results are also presented unless noted using the change in accounting we announced last quarter related to our revised agreement with beginning in we changed our method of accounting for revenue and collections from net agent to gross principal throughout this document we refer to this change as the agreement accounting change revenue in was up exceeding the high end of our guidance range of under revenue would have been million an increase of revenue as reported in the first quarter includes a million benefit due to the agreement accounting change collections in were up and exceeded the high end of our guidance range of higher than expected conversion and renewal rates as well as marketing execution and brand strength were the primary drivers of the of collections and revenue this quarter collections also include a million benefit related to agreement accounting change changes in currency rates positively impacted collections in by approximately million as the and pound strengthened on a basis relative to the us dollar i i | Wix
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