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