Wix.com Reports First Quarter 2015 Results
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-- First quarter collections increased to $55.9 million, a 49% increase year-over-year and a 59% increase on a constant currency basis --
-- First quarter revenues increased to $44.5 million, a 54% increase year-over-year --
-- Added a record 138,000 net premium subscriptions for a total of over 1.37 million --
-- On track to deliver positive adjusted EBITDA in the second quarter and increasing outlook for the full year 2015 --
"Strong growth in premium subscriptions and collections in the first quarter illustrates the rapid adoption of our platform, which provides a comprehensive online presence for small businesses and organizations around the globe," said Avishai Abrahami, CEO and Co-founder of Wix.
"During the first quarter, we generated improved traffic and engagement with our platform, driven by the success of new product introductions and enhancements. We also benefited from increased exposure of our brand, growth in international markets and ongoing efficiency of our marketing efforts. Our simple, customizable and fully integrated product offering positions Wix as the go-to provider around the globe to build and operate businesses and organizations online," Mr. Abrahami continued. |
