Earnings release
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Wix Reports Second Quarter 2021 Results Growth of revenue and collections in Q2'21 reflect continued demand for creation and success of businesses on Wix ○ Q2'21 Revenue of $ 316 million , up 34 % y / y ○ Q2'21 Collections of $ 343 million , up 29 % y / y Sustained user cohort collections growth driven by continued high levels of new users , strong retention and higher conversion and monetization More businesses continue to use Wix to create , manage and grow their online presence , with an increasing number depending on us as their full operating system ○ ○ Online commerce accounted for 35 % of Q2'21 total collections , up from 33 % in Q1'21 Business Solutions Revenue and Collections up 75 % y / y and 66 % y / y , respectively Announced significant partnership with Vistaprint , becoming the technology layer for millions of Vistaprint customers globally to create , manage and grow their businesses online , demonstrating Wix's product innovation leadership and bringing Wix a step closer to its goal of becoming the primary platform for online creation -- NEW YORK , August 11 , 2021 Wix.com Ltd. ( Nasdaq : WIX ) today reported financial results for the second quarter ended June 30 , 2021. In addition , the Company provided its initial outlook for the third quarter . Please visit the Wix investor relations website at https://investors.wix.com/ to view the Q2'21 Shareholder Update . " As the story of the pandemic continues to evolve , there is an uncertainty whether we are at the end of it , or if there is a massive new wave coming again . For our users , this uncertainty means that they don't know if they should create new online or offline stores , services and events . The result of this uncertainty , for us , is a mild slowdown in the creation of new web presences , which is reflected in our financials , where we came in at the low end of our expectations , " said Avishai Abrahami , Co - founder and CEO of Wix . " As our users and the world are navigating a great deal of uncertainty , it is more essential than ever that we remain focused on our north star goal of becoming the main engine of the internet , democratizing access and providing a place for the majority of people to build their online presence . " Lior Shemesh , CFO of Wix , added , “ Our second quarter results showed stronger growth than pre - pandemic quarters , although we did face more headwinds in the back half of the quarter than we expected . User growth remained elevated compared to 2019 , renewals remained strong and conversion and monetization per subscription were solid - all encouraging signs of strong underlying fundamentals . We are adjusting our expectations for the remainder of this year to account for continued uncertainty around the pandemic as well as the timing of B2B partnership agreements . Our ambitions have not changed , and we remain well - positioned to become the primary online platform for all users and businesses . " Regarding the recently announced technology alliance with Vistaprint , Nir Zohar , President and COO , said , " We are excited to join Vistaprint in empowering small businesses to build a complete , professional digital presence with capabilities to manage , grow and succeed . This partnership demonstrates the robustness of Wix's products for all types of users and all types of businesses and is a testament to our many years of investing in technology , product development and our brand . Just as Amazon and Google have become