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  "authorName": "Wix",
  "documentKindSlug": "shareholder-letter",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2018-03-01 00:00:00",
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  "notes": "The slide explains a shift in accounting policy due to a revised agreement with Google, moving from agent (net) to principal (gross) recognition.",
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      "text": "1. We will recognize 100% of the amount our users pay us, increasing both revenue and collections. We expect this change in accounting to generate roughly $30 million in additional collections and revenue in 2018. 2. We will recognize Google’s share of the sale in cost of revenue, lowering our gross margin. We expect our gross margin will decline approximately 5% between 2017 and 2018 as a result.",
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      "text": "Our 2018 guidance for revenue, collections, gross margin and free cash flow reflect the increased share we will receive as part of this revised arrangement and our anticipated y/y growth in sales of this product.",
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      "text": "Due to the updated terms of our agreement, we are required to change the method by which we recognize collections and revenue from the sale of the Google applications.",
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