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 firstname.lastname@example.org; @mxbernhard