Wix's Q2 Earnings: Revenue And Profit Beat, Strong Performance in Partner And Subscription Segments
Portfolio Pulse from Anusuya Lahiri
Wix.com Ltd (NASDAQ:WIX) reported strong fiscal Q2 2024 results, with revenue and profit beating analyst estimates. Revenue grew 12% year-over-year to $435.7 million, and adjusted EPS was $1.67. The company saw significant growth in its Partner and Subscription segments. Wix expects continued growth in fiscal 2024 and has raised its revenue and free cash flow guidance.
August 07, 2024 | 12:14 pm
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Wix.com Ltd reported strong Q2 2024 results, with revenue and profit beating analyst estimates. Revenue grew 12% year-over-year to $435.7 million, and adjusted EPS was $1.67. The company saw significant growth in its Partner and Subscription segments. Wix expects continued growth in fiscal 2024 and has raised its revenue and free cash flow guidance.
Wix.com Ltd's strong Q2 results, with revenue and profit beating analyst estimates, indicate positive short-term momentum for the stock. The significant growth in Partner and Subscription segments, along with raised guidance for fiscal 2024, further supports a positive outlook. The premarket share price increase of 4.74% reflects investor confidence.
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