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Wix nets 180k paying subscribers in Q1

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Wix adds fewer paying customers in Q1 compared to a year ago.

Wix website builder logoWebsite builder Wix (NASDAQ: WIX) added a net 180,000 paying customers in Q1 2019, the company reported in its earnings release today. That brings the total to 4.2 million.

By comparison, it added 231,000 net paying customers in Q1 2018 and 147,000 in Q4 2018.

Wix added 6.6 million new registered users in the quarter, bringing the total to 148 million. Only about 3% of its registered users are paying customers.

Revenue for the quarter was $174.3 million, up 27% year-over-year. Collections (essentially billings) were up 26% to $200.4 million.

The company expects Q2 revenue in the $182 million – $184 million range.

Read the DNW Wix review.

Wix adds 177k paying customer in Q3, revenue up 40% YoY

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Website builder is also getting into the payments business.

Wix (NASDAQ: WIX) released Q3 2018 earnings yesterday.

Revenue hit $155.6 million, up 40% year-over-year. The company added 177,000 paying subscribers during the quarter, bringing its total to 3.8 million. 5.5 million users registered with Wix during the quarter. Wix converts some of these registered users into paid subscribers over time.

Collections were $163 million. That’s up 36% year-over-year but just slightly from Q1 and Q2 2018.

Wix also announced the launch of Wix Payments. It has been trialing it in Brazil and will bring it to the United States next year. I suspect adding payments became necessary after payments processor Square (NYSE: SQ) bought Weebly, one of Wix’s competitors.

Here’s a Wix website builder review from my personal experience.

Wix adds 231K paid subscribers, 5.9M registered users in Q1

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Site builder now has 3.4 million customers who can use a domain name with their Wix site.

Wix (NASDAQ:WIX) released earnings for the first quarter of 2018 yesterday.

The website builder company reported $137.8 million in revenue for Q1 2018, up 49% YoY. It also generated $21.4 million in free cash flow for the quarter.

The company added 5.9 million registered users during the quarter and added 231,000 net premium (i.e. paying) subscribers.

That brings its total premium base to 3.4 million.

Aside from representing Wix’s paid customer base, premium subscription numbers are important because Wix requires a premium plan in order to connect a domain name to a website. Its most basic $5/month package allows customers to connect to a domain and its $11-and-up packages include a free domain when paid annually.

Revenue from domain name registrations has historically accounted for 7% of Wix’s revenue. This equates to nearly $10 million in domain registration revenue in Q1.

The company is a reseller and does not use its own accreditations for domain registrations.