Wix(WIX) - 2022 Q4 - Annual Report

Exhibit 99.1 Wix Reports Fourth Quarter and Full Year 2022 Results • Finished 2022 ahead of expectations, with total revenue of $355.0 million in the fourth quarter, up 6% y/y; total revenue was $361.4 million and up 8% y/y on a constant currency basis • Q4’22 was the most profitable FCF quarter in Wix history with FCF1 of $52.0 million, ahead of guidance • Cost efficiencies expected to generate an additional $50 million of savings in 2023 (~$65 million annualized), accelerating path to profitability ◦ Crea ...