Wix.com Analysts Increase Their Forecasts After Strong Results



Wix.com Ltd. (NASDAQ: WIX) reported better-than-expected fourth-quarter financial results and issued guidance on Wednesday.

Revenue grew 14% year-over-year to $403.8 million, beating the consensus of $402.8 million. The adjusted EPS of $1.22 beat the consensus of 95 cents, according to data from Benzinga Pro.

Avishai Abrahami, Wix Co-founder and CEO said, “In just six months, more than 500,000 agencies and freelancers have created Studio accounts, driving the number of Studio premium subscriptions to be ahead of plan. Most excitingly, nearly half of these Studio accounts were created by new Partners – a powerful indication that Studio is …

Full story available on Benzinga.com


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