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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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