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Fly News Breaks for February 14, 2018
WIX
Feb 14, 2018 | 15:02 EDT
JPMorgan analyst Sterling Auty said Wix.com's outlook is not as strong as the market is suggesting with the recent stock move, when you consider the revenue treatment of the Google renewal, ASC 606 benefit, and FX tailwind. Further, Auty said premium subscriptions additions were down year-over-year for the fourth quarter. The analyst likes the investments being made for future growth, but does not expect benefits to be realized until 2H18 or 2019.
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