Wix grows revenue 13% but cuts its full-year free-cash-flow outlook (NASDAQ: WIX)
What happened Wix.com Ltd. (NASDAQ: WIX) grew third-quarter revenue 13% to $570.2 million but cut its full-year free-cash-flow margin outlook. The company now expects a full-year free-cash-flow margin of approximately 16%, excluding acquisition-related and restructuring costs. It had expected a high-teens margin. Wix blamed the cut mainly on faster sales and marketing spending on Base44, […]
11 Nov 20:48 · The Markets Daily