Wix - beats, meets, in profit plus announcement

Investment Analysis Clubs Saul’s Investing Discussions
1

Q4 EPS of $0.16 in-line.
Revenue of $118.55M (+40.8% Y/Y) beats by $1.65M

https://seekingalpha.com/pr/17074148-wix-reports-fourth-quar…
Highest ever EPS profits and bringing 2017 full year to practically breakeven.

  • Breakout year for Wix ADI, which contributed meaningfully to conversion in 2017

  • Results propelled by outstanding cohort behavior - conversion of registered users to premium subscriptions and retention of subscriptions are at all-time highs

  • Initial 2018 outlook demonstrates confidence in continued strong collections growth and ability to generate incremental free cash flow

Added 170,000 net premium subscriptions in the fourth quarter of 2017 to reach 3.2 million as of December 31, 2017, a 31% increase over the total number of subscriptions at the end of 2016

Added 5.3 million registered users in the fourth quarter of 2017. Registered users as of December 31, 2017 were 119 million, representing a 22% increase compared to the end of the fourth quarter of 2016

https://seekingalpha.com/pr/17074146-wix-furthers-strategic-…

Ant

16 Likes
2

Thanks, Ant. Also March 2018 revenue guidance for $135 - $136 million (46%-47% growth)! I almost thought that was a typo…125M was expected.

WOW.

Bear
(enjoying it)

2 Likes
3

Thanks for the summary, Ant. I saw the pop and news as well. WIX is one of my larger positions based on my reading here and anticipated potential with a huge TAM. I appreciate the board bringing it to my attention (especially Bear I believe).

Cheers,

dave

2 Likes