Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Wix.com Ltd. (“WIX”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither WIX nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the External Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against WIX and Virtua and further acknowledge and agree that in no event shall WIX or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site.

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if WIX and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: collections, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP net income (loss) per share, free cash flow, non-GAAP R&D expense, non-GAAP S&M expense, and non-GAAP G&A expense (collectively the "Non-GAAP financial measures"). Collections represents the total cash collected by us from our customers in a given period and is calculated by adding the change in deferred revenues for a particular period to revenues for the same period. Non-GAAP gross margin represents gross profit calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related costs and amortization, divided by revenue. Non-GAAP operating income (loss) represents operating income (loss) calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, and acquisition-related costs. Non-GAAP net income (loss) represents net loss calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, and acquisition-related costs. Non-GAAP net income (loss) per share represents non-GAAP net income (loss) divided by the weighted average number of shares used in computing GAAP income (loss) per share. Free cash flow represents net cash provided by (used in) operating activities less capital expenditures. Non-GAAP R&D expense represents R&D expense calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related costs and amortization. Non-GAAP S&M expense represents S&M expense calculated in accordance with GAAP as adjusted for the impact of share-based compensation expense, acquisition-related costs and amortization. Non-GAAP G&A expense represents G&A expense calculated in accordance with GAAP as adjusted for the impact of sharebased compensation expense, withdrawn secondary offering expenses and acquisition-related costs.

The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that these measures provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.

For more information on the non-GAAP financial measures, please see the "Reconciliation of GAAP to Non-GAAP Financial Measures" table on the External Site. This accompanying table has more details on the GAAP financial measures that are most directly comparable to non-GAAP financial measures and the related reconciliations between these financial measures. The Company has not reconciled its guidance as to free cash flow to cash flow from operations because it does not provide guidance for cash flow from operations. As items that impact cash flow from operations are out of the Company's control and/or cannot be reasonably predicted, the Company is unable to provide such guidance. Accordingly, a reconciliation to cash flow from operations is not available without unreasonable effort.

NASDAQ: WIX Price: 74.10 Change: -3.20 -4.14% Volume: 520,744 4:00 ET on Feb 22, 2018 price delayed 20 minutes

Wix and Manchester City Make a Dream Come True for Winner of Latin American Campaign

06/27/2017

Wix User Wins a Once-in-a-Lifetime Football Fantasy for His Small Business

NEW YORK, June 27, 2017 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX) and English Premier League partner, Manchester City Football Club (Manchester City), have revealed the winner of their Latin America all-star campaign resulting in a once-in-a-lifetime opportunity with four star football players.

The lucky winner is Gabriel Gargiulo Pacca, a Wix user from Brazil. Pacca was featured in a custom online commercial to promote his business that features four Manchester City players– Brazilian trio Gabriel Jesus, Fernandinho and Fernando and teammate Aleix Garcia.

Gabriel is the owner of Woo the Boards, a São Paulo-based balance board company that sells core strengthening balance boards. The company offers a line of uniquely designed handmade balance boards made out of certified wood. 

View the commercial here: https://youtu.be/BgXWAA0FAD4

"Wix made a dream come true. I'm so thankful and excited to have this opportunity to promote my business with Manchester City players," said winner Gabriel Gargiulo Pacca. "I believe that Woo the Boards has global appeal for fitness fans everywhere, and now my brand has an incredible showcase featuring football star power - what an amazing way to share my passion with the world." 

Damian Willoughby, Senior Vice President of Partnerships for City Football Group commented, "This was an excellent campaign that demonstrated a truly creative approach to engaging Wix consumers and Manchester City fans. Wix has consistently demonstrated how they can think outside of the box and deliver activations with fantastic results. Connecting with our fans in Latin America is important to us and to have the opportunity to support them through innovative campaigns like this has been privilege."

Wix became City Football Group's Official Website Design & Hosting partner for their clubs Manchester City FC, New York City FC and Melbourne City FC in February 2016.

About Wix
Wix is a leading global software platform for small businesses to operate online with over 108 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online. Wix ADI, the Wix Editor and a highly curated App Market enable users to build and manage a fully integrated and dynamic digital presence. Wix's headquarters are in Tel Aviv with offices in Be'er Sheva, Berlin, Dnepropetrovsk, Kiev, Los Angeles, Miami, New York, San Francisco, São Paulo, and Vilnius.

Visit us: on our blog, Facebook, Twitter, Instagram, LinkedIn, Pinterest and Google+

Visit some of our stunning Wix customers here: http://www.wix.com/stories/

About City Football Group
City Football Group (CFG) is the owner of a number of football related businesses with global relevance. These include high profile professional football clubs, academies, technical support and marketing companies. CFG's majority-owned clubs include Premier League Manchester City FC, Melbourne City FC of the A-League and MLS Franchise New York City Football Club. CFG is also a minority shareholder in Yokohama F. Marinos of the J-League and Club Atlético Torque in the second division of the Uruguayan league. The common aim across all clubs is to provide the best possible experience and an unmatched opportunity for fans and communities to participate in, and benefit from, football at both a local and global level. The Group's support companies- City Football Services and City Football Marketing- operate from a number of offices around the world in support of the Group's clubs, associate organisations and customer organisations. City Football Services shares footballing IP and "know-how" to recruit, develop, train and win. City Football Marketing creates media, marketing and fan engagement properties to support the commercial development of clubs and their partners.

City Football Group is wholly owned by Abu Dhabi United Group (ADUG). ADUG is an investment and development company privately owned by His Highness Sheikh Mansour bin Zayed Al Nahyan. In December 2015, ADUG divested a 13% shareholding to a China Media Capital-led consortium, creating an unprecedented platform for the growth of CFG clubs and companies in China and internationally. City Football Group's headquarters are in Manchester and it has offices in Abu Dhabi, London, New York, Melbourne, Shanghai, Singapore and Tokyo.

Media Relations:
Vivian Hernandez
Wix.com
pr@wix.com
415-517-6539

Gabriel Pacca from Woo the Board shoots a commercial with Manchester City players

Gabriel Pacca from Woo the Boards practices his balance with Manchester City players during Wix’s commercial shoot

Manchester City player Gabriel Jesus tests Gabriel Pacca's balance during Wix's and Woo the Board’s shoot

Wix.com Ltd. (PRNewsFoto/Wix.com Ltd.)

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wix-and-manchester-city-make-a-dream-come-true-for-winner-of-latin-american-campaign-300480028.html

SOURCE Wix.com Ltd.