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  "docSlug": "081cc2f7b1ef4f047078571525e94c8d",
  "documentTitle": "Wix | Investor Presentation Deck | 28 slides",
  "authorId": "wix",
  "authorName": "Wix",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
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      "text": "Non-GAAP Opex % of revenue: Decreased from 77% in Q1'22 to 54% in Q4'23, with projections of 51-52% in 2024. Callouts indicate reduced marketing spend in Q1'23 and increases in partner marketing investment and non-recurring compensation costs.",
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      "text": "Non-GAAP Gross Margin: Non-GAAP Gross Margin (purple line) from 76% in Q1'22 to 83% in Q4'23, projected to ~83% in 2024. Non-GAAP Creative Subscriptions Gross Margin (blue line) from 62% in Q1'22 to 70% in Q4'23, projected to 68-69% in 2024. Non-GAAP Business Solutions Gross Margin (white line) from 21% in Q1'22 to 33% in Q4'23, projected to 30-31% in 2024.",
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      "text": "Non-GAAP Gross Margin\nNon-GAAP Creative Subscriptions Gross Margin\nNon-GAAP Business Solutions Gross Margin",
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      "text": "Company Overview | Fourth Quarter 2023",
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      "kind": "title",
      "text": "Continued efficiencies across operating cost structure from completed cost reduction efforts drove profitability improvements in 2023 and are expected to continue in 2024",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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