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    WIX   IL0011301780

WIX.COM LTD.

(WIX)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Wix 1Q Loss Widens as Revenue Grows

05/12/2021 | 06:37am EDT

By Matt Grossman

Wix.com Ltd. on Wednesday logged a wider loss but growing revenue for the first quarter, as the company cited a rise in conversions of users to subscription plans.

The New York City-based web-development platform posted a net loss of $2.16 a share, steeper compared with a net loss of 76 cents a share in the year-ago quarter. The total net loss was $121.8 million, compared with $39.2 million in 2020's first quarter.

Wix's adjusted loss was 54 cents a share. Analysts polled by FactSet had forecast an adjusted loss of 68 cents a share.

Revenue increased to $304.1 million, from $216 million in the year-ago period. Analysts had estimated sales of $295.4 million.

Creative-subscriptions revenue rose to $226.4 million, a 28% year-over-year increase. Business-solutions revenue nearly doubled to $77.7 million, from $39.4 million a year earlier.

Wix Chief Financial Officer Lior Shemesh said conversions and collections per subscription have both been trending higher.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

05-12-21 0636ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.20% 33945.58 Delayed Quote.10.69%
WIX.COM LTD. 3.20% 295.13 Delayed Quote.14.41%
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More news
Financials (USD)
Sales 2021 1 290 M - -
Net income 2021 -351 M - -
Net cash 2021 415 M - -
P/E ratio 2021 -49,2x
Yield 2021 -
Capitalization 16 696 M 16 696 M -
EV / Sales 2021 12,6x
EV / Sales 2022 9,98x
Nbr of Employees 3 869
Free-Float 96,9%
Chart WIX.COM LTD.
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Wix.com Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends WIX.COM LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 295,13 $
Average target price 322,53 $
Spread / Average Target 9,28%
EPS Revisions
Managers and Directors
NameTitle
Avishai Abrahami Honorary Chairman & Chief Executive Officer
Nir Zohar President & Chief Operating Officer
Menashe Lior Shemesh Chief Financial Officer
Mark Tluszcz Chairman
Yaniv Even-Haim Chief Technology Officer
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