Wix.com 3Q Profit, Revenue Rose
November 14 2019 - 7:21AM
Dow Jones News
By Max Bernhard
Wix.com Ltd. (WIX) on Thursday reported a rise in third-quarter
profit on the back of significantly higher revenue.
The website-building platform earned a quarterly profit of $20.8
million, or 41 cents a share, compared with $18.8 million, or 39
cents a share, for the same period last year. Revenue rose 26% to
$196.8 million.
The company said it added 114,000 net subscriptions, bringing
the total to over 4.4 million.
Wix narrowed its full year outlook, now expecting revenue to be
between $761 million and $763 million and collections between $828
million and $831 million.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
November 14, 2019 07:06 ET (12:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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