Categories Earnings, Technology

Wix.com (NASDAQ: WIX): Q3 2019 Earnings Snapshot

— Wix.com Ltd. (NASDAQ: WIX) reported its third-quarter 2019 adjusted earnings of $0.41 per share versus $0.33 per share expected.

— Revenue grew by 26% to $196.79 million versus $197.63 million expected. The top line was impacted by changes in foreign exchange rates and a change in revenue mix in the quarter.

Earnings Update by AlphaStreet

— Collections climbed by 26% to $205.86 million. The latest quarter was hurt by changes in FX rates.

— Net subscription additions of 114,000 bolster a solid base of over 4.4 million subscriptions, providing a source of sustainable and durable growth.

— Looking ahead into the fourth quarter, the company expects revenue to climb by 24-25% to the range of $204-206 million, and collections to jump by 26-28% to the range of $222-225 million.

— For fiscal 2019, revenue outlook is narrowed to the range of $761-763 million from the prior range of $761-765 million.

— Collections forecast for the full year is tightened to the range of $828-831 million from the previous range of $825-831 million.

— Free cash flow guidance is narrowed to the range of $124-126 million from the previous estimates of $123-126 million for the full year.

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