Wix.com Ltd. · NASDAQ:WIX
Wix.com — Q1 2025 Earnings Presentation
28 slides from Wix.com's earnings presentation, May 21, 2025
Slide 1: Company Overview First Quarter 2025
Company Overview First Quarter 2025 WIX
Slide 2: Safe Harbor: Forward Looking Statements
Safe Harbor Forward Looking Statements This document contains forwardlooking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, Such forwardlooking statements may include projections regarding our
Slide 3: Safe Harbor: Non-GAAP Financial Measures and Key Operating Metrics
Safe Harbor Non-GAAP Financial Measures and Key Operating Metrics ‘To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant curr
Slide 4: Company Overview
Company Overview Total registered users! ~288M Creative Subscriptions Annualized Recurring Revenue! ~$1.4B Employees? ~5,300 % of revenue from outside North America? ~40% NX (— Q1'25 GPV TN $3.4B (+10% FXN y/y, +8% y/y) Q1'25 Transaction Revenue $59M (+19% y/y) ~ Q125 Partners Revenue $172M (+24%y/y
Slide 5: Our Vision
Our Vision Where any business, community or person can create their dreams online. Company Overview | First Quarter 2025 5 WX
Slide 6: We believe that Wix is becoming the primary platform
We believe that Wix is becoming the primary platform for every type of online presence around the world. Our goal is to offer products and services that are simply the best option for any type of user and for any type of business. Company Overview | First Quarter 2025 6 WX
Slide 7: Financial Overview and Update
Financial Overview and Update Visuelle Company Overview | First Quarter2025 7 WIX
Slide 8: $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 Q1'23 Q2'23 Q3'23 Q4'23
123 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 2022 2023 2024 2025E
Slide 9: Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25
Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25
Slide 10: $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 Q1'23 Q2'23 Q3'23 Q4'23
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 2022 2023 2024 2025E
Slide 11: Q1'23 Q1'24 Q1'25
Q1'23 Q1'24 Q1'25 2022 2023 2024
Slide 12: Q1'23 Q1'24 Q1'25
Q1'23 Q1'24 Q1'25 2022 2023 2024
Slide 13: $320 $280 $240 $200 $160 $120 $80 $40 $- 0 11 12 13 14
$320 $280 $240 $200 $160 $120 $80 $40 $- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61
Slide 14: Cohorts
Q1'25 Cohort Q1'24 Cohort Q1'23 Cohort Q1'22 Cohort Q1'21 Cohort
Slide 15: Q1'10 Q1'11 Q1'12 Q1'13 Q1'14 Q1'15 Q1'16 Q1'17 Q1'18 Q1'19 Q1'20 Q1'21 Q1'22 Q1'23
Q1'10 Q1'11 Q1'12 Q1'13 Q1'14 Q1'15 Q1'16 Q1'17 Q1'18 Q1'19 Q1'20 Q1'21 Q1'22 Q1'23 Q1'24 Q1'25 Q1'26 Q1'27 Q1'28 Q1'29 Q1'30 Q1'31 Q1'32 Q1'33 Q1'34
Slide 16: Broad Geographic Reach
Broad Geographic Reach FX-Neutral Revenue by Geography (% of total) and Q1'25 Y/Y Growth PZ North America +14% Y/Y Europe +16% Y/Y 60% of total 25% of total ~ Asia and others +10% Y/Y 11% of total . - 7 Latin America +7% Y/Y 4% of total Note: GI’25 Revenue by Geography and ¥/Y change based on consta
Slide 17: 2016 2017 2018 2019 2020 2021
2016 2017 2018 2019 2020 2021 2022 2023 2024
Slide 18: $1,400 200% 180% $1,200 $350 200% 160% 180% $300 $1,000 140% 160% $250 120%
$1,400 200% 180% $1,200 $350 200% 160% 180% $300 $1,000 140% 160% $250 120% 140% $800 120% 100% $200 $600 100% 80% $150 80% $400 60% $100 60% 40% 40% $200 $50 20% 20% $- 0% $- 0% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 2022 2023 2024
Slide 19: Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 2023 024 2025E Q1'23 Q2'23
Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 2023 2024 2025E Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 2023 2024 2025E
Slide 20: 2019 2020 2021 2025E
2019 2020 2021 2022 2023 2024 2025E
Slide 21: 2019 2020 2021 2025E
2019 2020 2021 2022 2023 2024 2025E
Slide 22: Appendix
Appendix Company Overview | First Quarter 2025 22 WIX
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures 2023 n000s 2024 2025 FY FY FY " Qi a2 Q3 Q4 Qi a2 Q3 Q4 ai 2022 2023 2024 Revenues $374,076 $389,977 $393,841 $403,771 $419,776 $435,746 $444,673 $460,455 $473,651 $1,387,666 $1,561,665 $1,760,650 Change in deferred revenues $60,975 $12,043 $387
Slide 24: 67% 68% 68% 70% 68% 68% 69% 70% 69% 64% 68% 69% 80% 83%
67% 68% 68% 70% 68% 68% 69% 70% 69% 64% 68% 69% 80% 83% 83% 83% 83% 84% 84% 85% 84% 77% 82% 84% 27% 28% 28% 33% 30% 30% 31% 32% 31% 23% 29% 30%
Slide 25: 23% 22% 24% 23% 22% 20% 21% 21% 20% 26% 23% 21% 24% 22%
23% 22% 24% 23% 22% 20% 21% 21% 20% 26% 23% 21% 24% 22% 23% 23% 23% 21% 22% 21% 21% 32% 23% 22% 7% 6% 7% 8% 7% 6% 6% 6% 6% 8% 7% 6% 54% 51% 54% 54% 52% 48% 49% 48% 48% 66% 53% 49%
Slide 26: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures ino00: FY FY FY FY FY meres. 2020 2021 2022 2023 2024 Net cash provided (used) by operating activities $148,049 $65,685 $37,152 $248,246 $497,415 Capital expenditures, net ($18,853) ($37,700) ($70,664) ($66,049) ($19,336) Capital expenditures and
Slide 27: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures inmillions ario arn at2_ a3 4 5 a6 178 19 202112223124 1'25 Cumulative Cohort Revenue $44 $61 $74 $155 $214 $224 $259 $289 $301 $280 $257 $229 $147 $109 $58 $9 Cumulative Cohortchangein gy $2 $3 $6 $8 $10 $13 $7 $19 $22 $22 $29 $24 $25 $25 $27 No
Slide 28: Partners and Transaction Revenue
Partners and Transaction Revenue 2023 2024 2025 FY FY FY in000s a a2 @3 as at a2 a3 as at 2022 2023 2024 $610,069 y/ygrowth 27% 36% 38% 38% 33% 29% 30% 29% 24% 29% 35% 30% 2-yearCAGR 34% 33% 31% 30% 30% 32% 34% 33% 29% 50% 32% 32% in000s 2023 2024 2025 FY FY FY at a2 Q3 a4 ai a2 3 a4 ai 2022 2023 20