Wix.com (WIX) PT Raised to $83 at RBC Capital

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Go back to Wix.com (WIX) PT Raised to $83 at RBC Capital

Wix First Quarter 2017 Results Exceed Expectations as Business Continues to Accelerate – Raises Full Year 2017 Financial Outlook

May 10, 2017 1:00 AM EDT

Collections Growth Accelerates to 51% Y/Y Revenue Accelerates to 50% Y/Y Free Cash Flow of $14.8 million or $17.5 million excluding DeviantArt acquisition-related costs an increase over $(2.1) million in Q1 last year Added a Record 5.9 million Registered Users1 Ended Q1 with over 103 million Grew Premium Subscriptions1 38% Y/Y to 2.7 Million on Record Net Additions of 208,000 Increases 2017 Outlook for Collections, Revenue, and Free Cash Flow

NEW YORK--(BUSINESS WIRE)--... More