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  "documentTitle": "Wix | Results Presentation Deck | 23 slides",
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  "authorName": "Wix",
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  "presentationDate": "2023-02-01 00:00:00",
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      "kind": "callout",
      "text": "Reduced marketing spend by 50% in Q4'22 as we tested new marketing strategy, with almost no decline in new cohort bookings",
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      "text": "Non-GAAP Opex % of revenue: Q4-2021 to Q4-2023, showing Opex % (green line: 69%, 77%, 66%, 65%, 57%, 60%). Annual data for 2021, 2022, 2023 also shown (70%, 66%, 59-60%).",
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      "text": "Non-GAAP Gross Margin: Q4-2021 to Q4-2023, showing Non-GAAP Gross Margin (purple line: 77%, 76%, 76%, 78%, 79%, 80%) and Non-GAAP CS Gross Margin (blue line: 62%, 62%, 62%, 65%, 65%, 67%). Annual data for 2021, 2022, 2023 also shown.",
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      "text": "Non-GAAP Gross Margin\nNon-GAAP CS Gross Margin",
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      "text": "Company Overview | Fourth Quarter and Full Year 2022",
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      "text": "Profitability improvements in 2022 driven by operational efficiencies and cost reduction efforts expected to continue in 2023",
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