Wix.com Boosts Q1, FY15 Outlook

(RTTNews) - Wix.com Ltd. (WIX) said Tuesday that it now expects first quarter revenue of $44 million to $45 million, compared to its prior outlook of $43 million to $44 million.

The company also raised its full year 2015 revenue outlook to a range of $200 million to $204 million from its previous outlook of $198 million to $202 million.

Analysts polled by Thomson Reuters currently expect the company to post revenue of $43.94 million for the first quarter and $200.96 million for the full year 2015.

"We generated strong growth in collections to date in the first quarter, and as a result, we are increasing our outlook for the first quarter and full year 2015," said Lior Shemesh, CFO of Wix. "The first quarter is typically our strongest quarter of the year, and this year, our performance to date has exceeded our expectations. Product improvements as well as greater visibility of our brand have contributed to the strong results in the first quarter. These results include an acceleration in the operating leverage we are seeing in our model, which brings us closer to realizing our previously stated objective of becoming profitable on an adjusted EBITDA basis this year."

The company will report its first quarter results on a conference call during the week of May 4.