Wix raises 2023 revenue estimate to $1.54 bn

Wix.com, which helps small businesses build and operate websites, said its revenue grew 10 percent to $374 million, led by a 9 percent rise in Creative Solutions and an 11 percent gain in Business Solutions in January-March 2023.
Wix.com support centerHelped by cost cuts including an 18 percent decline in its head count in the past year, the Israeli company said it had earned 91 cents per share excluding one-time items, compared with a loss of 72 cents per share a year earlier.

Wix has raised its 2023 revenue estimate to a range of $1.522 billion to $1.543 billion – growth of 10-11 percent – from a range of $1.51 billion to $1.535 billion.

Wix.com projects second-quarter revenue of between $380 million and $385 million for annual growth of as much as 12 percent.

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