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Wix com (WIX) Q2 2021 Earnings Call Transcript
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Wix to Announce Second Quarter 2021 Results on August 11, 2021
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NEW YORK, May 13, 2021 /PRNewswire/ Wix.com Ltd. (Nasdaq: WIX), today announced that management will present at the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 25, 2021 at 9:30 a.m. EDT
The events will be available via live audio webcast and archived replay on Wix s investor relations website: https://investors.wix.com.
About Wix.com Ltd.
Wix is leading the way with a cloud-based website development platform for over 200 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, Editor X, a curated App Market, Ascend by Wix, Wix Payments and Velo by Wix enable users to build and manage a f
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
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