EXCLUSIVE: 'We're The Original AI Company,' Wix Chair Tells Benzinga After Earnings Beat
Portfolio Pulse from AJ Fabino
Wix.com Ltd (NASDAQ:WIX) reported Q1 earnings of 91 cents, beating estimates of 14 cents, with revenues of $374.1 million, surpassing the $369.4 million consensus. The company expects Q2 revenue to increase 12% YoY to $385 million and raised its 2023 revenue outlook to $1.543 billion. Wix's executive chair, Mark Tluszcz, highlighted the company's growth strategy and its focus on AI.
May 31, 2023 | 4:34 pm
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Wix.com Ltd reported better-than-expected Q1 earnings and revenues, and raised its 2023 revenue outlook. The company's focus on AI and growth strategy could drive further success.
Wix.com Ltd reported strong Q1 earnings and revenues, beating estimates, and raised its 2023 revenue outlook. The company's focus on AI and its growth strategy, as highlighted by the executive chair, could drive further success and positively impact the stock price in the short term.
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