Wix.com (WIX) Tops Q4 EPS by 8c

Wix.com (NASDAQ: WIX) reported Q4 EPS of $0.39, $0.08 better than the analyst estimate of $0.31. Revenue for the quarter came in at $204.6 million versus the consensus estimate of $205.53 million.

"The fourth quarter was the culmination of a phenomenal year at Wix. We continue to evolve from a website builder to a comprehensive web creation and business solutions platform," said Avishai Abrahami, Co-founder and CEO of Wix. "The unveiling of Editor X was a major milestone for Wix and has laid the groundwork for expanding our reach in the professional market in 2020. We believe that we have never been better positioned for the future."

Lior Shemesh, CFO of Wix, said, "Our results in the fourth quarter closed out a record year of revenue, collections and free cash flow generation for Wix. The guidance we are providing reflects that momentum continuing into 2020 and our confidence in our ability to continue to deliver strong growth for years to come."

GUIDANCE:

Wix.com sees Q1 2020 revenue of $215-217 million, versus the consensus of $217.9 million.

Wix.com sees FY2020 revenue of $946-956 million, versus the consensus of $955.2 million.

For earnings history and earnings-related data on Wix.com (WIX) click here.

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