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Wix Reports Outstanding Second Quarter 2020 Results

  • Momentum across the platform led to a record breaking quarter

  • Added over 9.3 million registered users in Q2, an increase of 64% y/y

  • Revenue of $236.1 million, up 27% y/y; 28% y/y on a y/y constant currency basis

  • Collections of $265.9 million, up 33% y/y; 35% y/y on a y/y constant currency basis --

  • Creative Subscriptions ARR increased 22% y/y to $790.9 million as of Q2

  • Net subscriptions additions of 346,000 in Q2, bringing total premium subscriptions to over 5 million; total net additions in 1H 2020 nearly as much as all of 2019

  • July 2020 results show strong growth continuing in Q3

  • Responding swiftly to opportunity with increasing marketing investment as the need for online creation and commerce rapidly grows

  • Investing capital into growth demonstrated by future collections of the Q2 user cohort over the next 8 years expected to be approximately 90% higher than the prior year's cohort

  • Continued execution with significant product launches: expanded eCommerce capabilities and Editor X public release delivered on time to further help users create and grow online

Click here for details on Wix's financial results for the second quarter ended June 30, 2020.

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