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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": 22,
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  "notes": "The slide uses a red/blue color scheme to contrast the two companies, with a callout box emphasizing the discrepancy.",
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      "kind": "callout",
      "text": "Despite being ~1/3 of the size of GoDaddy, Wix has more R&D employees",
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      "text": "R&D Employees (2021) – Wix vs. GoDaddy",
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      "text": "Source: Company filings, Capital IQ.",
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      "kind": "other",
      "text": "CY2022E Revenue: ~$1.4 billion",
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      "text": "CY2022E Revenue: ~$4.1 billion",
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      "text": "Wix has more R&D employees than its largest peer, GoDaddy, despite a fraction of the revenue scale.",
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      "kind": "title",
      "text": "We Believe Wix Has A Significant Margin Expansion Opportunity (Cont'd)",
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