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  "docSlug": "jarvis-starboard-value-wix-presentation-october-2022",
  "documentTitle": "Starboard Value Wix Presentation October 2022",
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  "documentKindSlug": "activist-deck",
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  "presentationDate": "2022-10-01 00:00:00",
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  "pageNumber": 19,
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  "density": "balanced",
  "nDataPoints": 5,
  "notes": "The chart uses a break in the x-axis between CY2022E and CY2025E to indicate a multi-year gap.",
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      "kind": "callout",
      "text": "We believe Wix has an opportunity to meaningfully improve operational performance and profitability",
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      "text": "Wix's Combination of Growth + Profit Margin Has Fallen Drastically",
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      "text": "Source: Company filings, Capital IQ, Starboard estimates. Note: Growth + profit margin is calculated as revenue growth + FCF margin.",
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      "text": "We believe Wix can become a significantly more profitable business over the next few years and return to a combined revenue growth rate + profit margin of at least 40%.",
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      "text": "We Believe Wix Has A Significant Opportunity to Improve Its Growth + Profitability",
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      "evidence": "The document highlights the problems and complications faced by Wix, Splunk, and Salesforce, including decelerated revenue growth, compressed margins, and subpar mix of growth and profitability.",
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      "evidence": "The document presents Starboard Value's solution and approach to improve growth and profitability in Wix, Splunk, and Salesforce.",
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