Slide 1: Company Overview Second Quarter 2022
Company Overview Second Quarter 2022 1
Slide 2: 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 Non-GAAP financial expense represents financial expense calculated in accordance with GAAP as adjusted for un
Slide 3: Safe Harbor: Forward-Looking Statements
Safe Harbor Forward-Looking Statements This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities regarding the impact of fluctuations in foreign currency exchange rates on our business; our expectations relating to equity burn Litig
Slide 4: Company Overview
Company Overview Total registered users1 Creative Subscriptions Employees1 Q2’22 GPV Annualized Recurring Revenue1 ~234M >$1B >5,900 $2.6B Q2’22 Transaction Revenue Q2’22 Partners Revenue % of revenue from outside Languages North America 2 $37M $85M 42% 22 1 As of June 30, 2022 2 Q2’22 Revenue by Ge
Slide 5: Our Vision
Our Vision Where any business, community or person can create their dreams online. 05 Company Overview | Second Quarter 2022
Slide 6: Wix is becoming the primary platform for every type of online presence
We believe that Wix is becoming the primary platform for every type of online presence around the world. Our goal is to offer products and services that are simply the best option for any type of user and for any type of business. 06 Company Overview | Second Quarter 2022
Slide 7: Financial Overview and Update
Financial Overview and Update 07 Company Overview | Second Quarter 2022
Slide 8: Total Revenue
Total Revenue +29% y/y ($ Millions) +29% 2-year CAGR +9% y/y (+11% FXN) +21% 2-year CAGR $1,270 $342 $345 $333 $316 $320 $301 $319 $283 $87 $984 $87 $87 $80 $79 $253 $74 $235 $69 $201 $758 $50 $45 $113 $604 $78 $950 $247 $255 $258 $236 $241 $214 $226 $783 $190 $203 $644 $525 Q2'20 Q3'20 Q4'20 Q1'21
Slide 9: Consistent Creative Subscriptions ARR Expansion
Consistent Creative Subscriptions ARR Expansion ($ Millions) +9% y/y +15% 2-year CAGR $1,038 $1,053 $992 $1,010 $967 $926 $878 $841 $791 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Note: Creative Subscriptions Annualized Recurring Revenue (ARR) is calculated as Creative Subscriptions Month
Slide 10: Total Bookings
Total Bookings +29% y/y Bookings ($ Millions) +31% 2-year CAGR +3% y/y (+7% FXN) +15% 2-year CAGR $1,419 $393 $373 $331 $351 $352 $355 $343 $1,102 $93 $81 $306 $85 $83 $80 $88 $211 $281 $266 $832 $70 $53 $48 $121 $658 $78 $1,088 $293 $300 $268 $263 $264 $270 $891 $228 $236 $712 $218 $580 Q2'20 Q3'20
Slide 11: Growth Across Partners and Transaction Revenue
Growth Across Partners and Transaction Revenue ($ Millions) Up 12x since 2019 Up ~190% over Partners Revenue past 2 years Transaction Revenue +13% y/y +31% y/y +86% 2-year CAGR +56% 2-year CAGR $130 $270 $37 $85 $32 $154 $65 $56 $93 $35 $11 $11 Q2'20 Q2'21 Q2'22 2019 2020 2021 Q2'20 Q2'21 Q2'22 2019
Slide 12: Increasing Monetization of User Cohorts
Increasing Monetization of User Cohorts Cumulative Bookings from Q1 User Cohorts ($ Millions) Q1’22 user cohort cumulative bookings in the first two quarters was ~4% higher than that $210 of the Q1’19 cohort (last quarter without $206 $206 COVID impact) in its first two quarters Innovation and produ
Slide 13: Efficient Marketing Based on TROI
Efficient Marketing Based on TROI One Time Marketing, Ongoing Bookings … After 2 … After 6 … After 10 … After 14 … After 18 Quarters Quarters Quarters Quarters Quarters 0.6x 1.3x 2.6x 3.3x 4.7x $206 $179 $149 $109 $81 $64 $57 $55 $44 $40 Q1'22 Cohort Q1'21 Cohort Q1'20 Cohort Q1'19 Cohort Q1'18 Coho
Slide 14: Broad Geographic Reach
Broad Geographic Reach FX-Neutral Revenue by Geography (% of total) and Q2’22 Y/Y Growth North America +12% Y/Y Europe +10% Y/Y 58% of total 26% of total Asia and others +10% Y/Y 12% of total Latin America +2% Y/Y 4% of total Note: Q2’22 Revenue by Geography and Y/Y change based on constant FX rates
Slide 15: Increasing Revenue Retention
Increasing Revenue Retention Annual Net Revenue Retention Rate +116% Net Revenue Retention Cohort revenue retention bolstered by compounding growth from online commerce users 2016 2017 2018 2019 2020 2021 2010 & Prior 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Note: We calculate our Annu
Slide 16: Appendix
Appendix 16 16 Company Overview | Second Quarter 2022
Slide 17: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures 2020 2021 2022 2018 2019 2020 2021 in 000s Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY FY FY FY Revenues $213,105 $235,337 $253,391 $282,534 $300,779 $315,575 $319,890 $333,413 $341,597 $345,224 $603,704 $757,667 $984,367 $1,269,657 Change in deferred reven
Slide 18: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures in millions 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 Revenues $33 $46 $56 $114 $156 $158 $176 $191 $187 $158 $125 $84 $19 Change in unbilled obligations $1 $2 $3 $6 $8 $10 $13 $15 $19 $21 $24 $25 $21 Bookings
Slide 19: Partners and Transaction Revenue
Partners and Transaction Revenue 2020 2021 2022 2019 2020 2021 in 000s Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY FY FY Partners Revenue $29,099 $34,734 $40,150 $50,309 $58,003 $64,883 $70,061 $77,007 $81,996 $84,893 $93,292 $154,292 $269,955 y/y growth 56% 57% 60% 84% 99% 87% 75% 53% 41% 31% - 65% 75% 2-year