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
Wix Reports Fourth Quarter and Full Year 2020 Results
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Wix Reports Fourth Quarter and Full Year 2020 Results
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