Wix Beats Earnings Guidance on Jump in Premium Subscriptions

Wix increased its guidance on revenue and free cash flow for 2017 as it announced strong third-quarter results, including revenues of $111 million, which beat the high-end of its previous guidance.

The company added 188,000 net premium subscriptions, a 33 percent year-over-year increase to 3.1 million customers, according to the Wednesday announcement. The increases led to a 101 percent year-over-year growth in free cash flow, to $18.9 million. Along with year-over-year revenue growth…

Read the entire article at the source link… Chris Burt

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