Reglikedomain industry desk

4 million paid subscribers — Wix hits

4 million paid subscribers — Wix hits

Firm adds 147k net paying subscribers during Q4.

Website building system Wix (NASDAQ: WIX) (Wix review) noted earnings and subscriber numbers today.

The firm added a net 147,000 premiums subscriptions in Q4, reaching 4.0 million overall (rounded). That’s 24% growth in subscriptions compared to the end of 2017.

Wix also added 5.9 million registered users in the fourth quarter, bringing the total to 142 million. In other words, regarding 3% of registered users are paying subscribers.

Q4 revenue was $164.2 million, up 39% year-over-year. Collections (e.g. cash receipts) hit $176.1 million, up 33%.

For the year, revenue was $603.7 million, up 42%. Collections were $658,385, up 36%.

The firm forecasts $755 million – $761 million in revenue during 2019 and collections of $817 million – $827 million.

Shares were down over 10% following the earnings release.

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