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It
posted a quarterly loss of 13 cents a share excluding one-time
items, compared with a 25 cent loss a year earlier.
Revenue grew 37 percent to $56.8 million, or $59.8 million
excluding currency effects.
It was forecast to lose 17 cents a share on revenue of $55.8
million, according to Thomson Reuters I/B/E/S.
Israel-based Wix offers free basic features for setting up
websites but users must pay for extra services such as shopping
carts, individual web addresses and site traffic analysis.
During the quarter it added 4.7 million registered users for a
total of 77 million. Of that, it added 125,000 paid subscribers
to reach 1.77 million.
Wix projects 2016 revenue of $270-$274 million, up 33-35 percent
from 2015, and earnings before interest, tax, depreciation and
amortization of $27-$30 million for an annual gain of as much as
104 percent. Revenue in 2015 grew 43 percent.
"It is clear that our focus on innovative product development
and impactful marketing is driving significant growth and
returns," said chief executive Avishai Abrahami.
(Reporting by Steven Scheer)
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