Wix (NASDAQ: WIX) Reports Q4 Earnings, Forecasts 11.7% Growth; Stock Surges 9.7%; Creative Subscriptions: $1.15B, +189k Subs Added
Wix (NASDAQ: WIX) reports Q4 earnings with revenue meeting expectations and forecasts 11.7% growth for the next year. The company is ahead of plan on revenue and profits, boasting 6.3 million premium subscribers with a 11% increase in Creative Subscriptions. The stock surged 9.7% following the positive results.
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Fundamental Investor$WIX growing customer count by ~3%. (6.3mm ye 2023 vs 6.1mm ye 2022). How much are they gonna have to milk customers to justify $7.3B EV? Say 7.3mm customers in about 5 yrs. -> $1,000 per sub today. At 15X, that's $66 income/sub after taxes & mkting <$25 today. HOW? no positn
weisser
Just caught up with an excellent ODF company - raised $200k 2 years ago - $230k in revenue in Y1, $626k in Y2 - still have most of cash - just hit cash flow positive - 10M views / month organic on socials - great market - ambitious founders cash efficient startups ftw
Joe Kunkle $WIX up 9.7% on results following all the bull flow in the name https://t.co/1rDTfP8M6K