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  "authorName": "Wix",
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      "text": "Conversion of users to premium subscriptions remains consistently high, increasing 16% year over year.",
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      "text": "We expect our existing user cohorts to produce $2.4 billion in value over the next six years without any further investment in marketing.",
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      "text": "Registered Users increased by 5.5 million during the quarter, 7% higher than Q2 last year and the highest in a quarter after Q1 2017. Our total user base grew to 109 million as of the end of Q2 2017, representing 24% year over year growth.",
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      "text": "Collections per new annual subscription in the US was $156, similar to Q1 2017 and an increase of 8% year over year. Users continue to purchase packages with a vertical application attached at a faster rate than non-vertical packages.",
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      "text": "Premium Subscriptions increased 35% year over year to 2.9 million. We added 192,000 net premium subscriptions during the quarter, our second highest quarter ever.",
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      "text": "Revenue and Collections exceeded high end of guidance again. Revenue grew 51% year over year to $103.5 million while Collections grew 44% year over year to $117.1 million. Both metrics exceeded the high end of guidance of $101 - $102 million and $116 - $117 million, respectively.",
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      "text": "Continued strong free cash flow generation. Free cash flow during the quarter was $17.4 million, compared to $10.2 million in the same quarter last year, representing 17% annual growth. We continue to generate positive free cash flow.",
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