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Wix.com Posts Losses but Better Than the Street Expected

Wix.com (NYSE: WIX) reported second quarter adjusted EPS of $(0.27) versus estimates of $(0.31). Revenue came in at $33.90 million versus the estimated $31.83 million.

From the press release:

“We realized two major milestones during the period as we surpassed 50 million registered users and one million premium subscriptions,” said Avishai Abrahami, CEO and Co-Founder of Wix. “Our exceptional growth is a direct result of our constant expansion of offerings on the Wix platform. By developing more products and solutions that cater to the needs of our users, we are providing them with the technology to easily build a professional-looking website as well as with business management capabilities that deliver a complete solution for their digital presence beyond website creation.”

Wix finished yesterday’s trading session up more than 6% and 6% in the past year.

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