- Wix (NASDAQ:WIX) shares drop 3.3% after Q2 beats that came with in-line Q3 guidance and a trimmed FY19 view.
- The Q3 outlook sees revenue of $196-198M versus the $196.23M consensus. FY19 revenue drops from $761-765M to $758-763M compared to the $762.02M estimate.
- In Q2, cash from operations grew 36% Y/Y to $37.2M and FCF was up 29% Y/Y to $30.8M.
- Non-GAAP gross margin was 76% compared to 80% in last year's quarter.
- Wix added 132K net premium subscriptions, bringing the total to 4.3M, +17% on the total number of premium subscriptions at the end of last year's quarter. The number of registered users grew 18% Y/Y to 154M.
- Earnings call starts at 8:30 AM ET with a webcast here.
- Press release.
- Post updated to correct the fifth bullet.