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  "documentTitle": "Wix | Investor Presentation Deck | 24 slides",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "FCF as % of revenue $128 17% 2019 $132 13% 2020 $51 4% 2021 $32 2% 2022 $200-210 ~13% 2023E",
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      "text": "We are making headway towards sustained profitability and expect to generate FCF margin excluding HQ investments and one-time restructuring costs of approximately 15% exiting 2023 as a result of our focus on efficiency",
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      "text": "*Free cash flow excludes HQ spend and associated costs in 2020-2023 and excludes ~$4.5 million of cash restructuring costs in 2023.",
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