Wix Reports Fourth Quarter and Full Year 2020 Results
Acceleration from 2020 expected to carry through 2021 -- raising prior collections growth outlook
- Closing out phenomenal year with revenue and collections growth topping expectations
-- FY'20 Revenue of $989 million, up 30% y/y; Q4'20 Revenue of $283 million, up 38% y/y
-- FY'20 Collections of $1.102 billion, up 32% y/y; Q4'20 Collections of $306 million, up 35% y/y
-- Creative Subscriptions ARR increased to $878 million, up 24% y/y, accelerating for the fourth consecutive quarter
- Influx of online commerce businesses and growth of Business Solutions applications and services driving improving retention and increase in cohort value