Business
Wix Reports Second Quarter 2021 Results
- Growth of revenue and collections in Q2'21 reflect continued demand for creation and success of -businesses on Wix -- Q2'21 Revenue of $316 million, up 34%
About this update from Wix.com Ltd.
[{"type":"text","content":"- Growth of revenue and collections in Q2'21 reflect continued demand for creation and success of -businesses on Wix\n -- Q2'21 Revenue of $316 million, up 34% y/y\n -- Q2'21 Collections of $343 million, up 29% y/y\n - Sustained user cohort collections growth driven by continued high levels of new users, strong retention and higher conversion and monetization\n - More businesses continue to use Wix to create, manage and grow their online presence, with an increasing number depending on us as their full operating system\n -- Online commerce accounted for 35% of Q2'21 total collections, up from 33% in Q1'21\n -- Business Solutions Revenue and Collections up 75% y/y and 66% y/y, respectively\n - Announced significant partnership with Vistaprint, becoming the technology layer for millions of Vistaprint customers globally to create, manage and grow their businesses online, demonstrating Wix's product innovation leadership and bringing Wix a step closer to its goal of becoming the primary platform for online creation\n\n\nNEW YORK, Aug. 11, 2021 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX) today reported financial results for the second quarter ended June 30, 2021. In addition, the Company provided its initial outlook for the third quarter. Please visit the Wix investor relations website at https://investors.wix.com/ to view the Q2'21 Shareholder Update.\n\n \n \n \n \n \n \n\n \n\"As the story of the pandemic continues to evolve, there is an uncertainty whether we are at the end of it, or if there is a massive new wave coming again. For our users, this uncertainty means that they don't know if they should create new online or offline stores, services and events. The result of this uncertainty, for us, is a mild slowdown in the creation of new web presences, which is reflected in our financials, where we came in at the low end of our expectations,\" said Avishai Abrahami, Co-founder and CEO of Wix. \"As our users and the world are navigating a great deal of uncertainty, it is more essential than ever that we remain focused on our north star goal of becoming the main engine of the internet, democratizing access and providing a place for the majority of people to build their online presence.\" \nLior Shemesh, CFO of Wix, added, \"Our second quarter results showed stronger growth than pre-pandemic quarters, although we did face more headwi...