Wix.com's User Cohort Data Shows Encouraging Growth, Analyst Expects Higher Free Cash Flow Margin in Second Half
Portfolio Pulse from Anusuya Lahiri
Wix.com Ltd (NASDAQ:WIX) reported Q2 revenue 2% ahead of consensus estimates, driven by better Business Solutions revenue and Creative Subscriptions. The company increased the FY23 revenue guide by 1% and reported their first quarter of GAAP operating income profits. WIX raised their non-GAAP gross margin guidance by 100bps for FY23E and lowered the non-GAAP operating expense guide by 200bps. The company also raised their guidance for the year by 17% and 12%, excluding the HQ building, and anticipated a higher FCF margin in the second half.
August 04, 2023 | 2:14 pm
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POSITIVE IMPACT
Wix.com's Q2 revenue beat estimates and the company raised its FY23 revenue guide. This, along with the anticipation of a higher FCF margin in H2, could positively impact the stock.
Wix.com's better-than-expected Q2 revenue and raised FY23 revenue guide indicate strong performance and growth potential. The anticipation of a higher FCF margin in H2 also suggests improved profitability, which is likely to be viewed positively by investors.
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