WIX - What's Going On With Wix.com Stock Wednesday? | Benzinga
Wix.com Ltd (NASDAQ:WIX) reported its fourth-quarter results Wednesday. Revenue grew 14% Y/Y to $403.8 million, beating the consensus of $402.8 million.
The adjusted EPS of $1.22 beat the consensus of $0.95. The stock gained after the results.
Revenue growth was led by Partners’ revenue growth (+38% Y/Y).
Segments: Creative Subscription revenue increased 12% Y/Y to $296.2 million. The Creative Subscriptions bookings climbed 1% Y/Y to $283.5 million. Creative Subscriptions ARR was $1.19 billion, up 10% Y/Y.
Business Solutions’ revenue rose 20% Y/Y to $107.6 million, and the bookings jumped 24% Y/Y to $111.5 million. ...