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Wix Reports First Quarter 2021 Results


Wix Reports First Quarter 2021 Results
- Strong start to the year with revenue and collections growth exceeding expectations
Q1 21 Revenue of $304 million, up 41% y/y
Q1 21 Collections of $351 million, up 41% y/y
- Continued strong demand across all types of users and online commerce businesses drove accelerating growth and cohort monetization
Increased conversion of users to subscriptions and increased collections per subscription drove record Q1 2021 user cohort collections of $36.5 million, 32% higher than the Q1 2020 user cohort in its first quarter
Creative Subscriptions Revenue and Collections were both up 28% y/y, accelerating sequentially and over the year ago quarter ....

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Wix Reports Fourth Quarter and Full Year 2020 Results


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 ....

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