Wix(WIX) - 2023 Q1 - Quarterly Report

Exhibit 99.1 Wix Reports First Quarter 2023 Results • Strong profitable start to the year with total revenue of $374.1 million in the first quarter exceeding expectations, up 10% y/y, marked by acceleration in Creative Subscriptions revenue growth, up 9% y/y and continued strong growth in Business Solutions revenue, up 11% y/y • Intensified focus on driving efficiencies and discipline across operating cost structure resulted in stronger than expected FCF1 generation and FCF margin of 12% ◦ Non-GAAP gross ma ...