Website Creator Wix.com Sees Strong Sales in 2023 After Q4 Profit
JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, said on Wednesday it swung to a profit in the fourth quarter and forecast 9-11% growth in revenue in 2023.The Israeli company said it earned 61 cents per share excluding one-time items, compared with a loss of 34 cents per share a year earlier. Revenue grew 6% to $355 million and was up 9% to $1.4 million in all of 2022.Wix was forecast to earn 9 cents a share ex-one off items on revenue of $352 million, according to data from Refinitiv."While internet growth is currently reverting back to the pre-pandemic trendline, we believe there are still many years of significant expansion ahead," said CEO Avishai Abrahami.Wix said it was implementing further cost saving measures, and expected total savings of ...