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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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      "text": "Free cash flow in millions: 2019: $128, 2020: $132, 2021: $51, 2022: $32, 2023E: $152-162. FCF as % of revenue: 2019: 17%, 2020: 13%, 2021: 4%, 2022: 2%, 2023E: ~10-11%.",
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      "text": "We are making headway towards sustained profitability and expect to generate FCF margin excluding HQ investments of ~12-13% exiting 2023 as a result of our focus on efficiency",
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      "text": "*Free cash flow excludes HQ spend in 2020-2023",
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