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Wix concluded the Quarter with 26.9% growth in revenues compared with the corresponding quarter, to $ 185 million, with half of the growth in the half of the year, up 26.7% to $ 360 million. On the other hand, in accordance with GAAP, the net loss deepened relative to last year. The quarterly loss increased almost threefold to $ 16.7 million, and half of the increase in loss was 86.5% to $ 47.4 million. Most of the increase was attributed to the significant increase in employee capital benefits, which totaled $ 27.6 million in the quarter, compared to $ 17.8 million in the corresponding quarter, and half of the increase from $ 33.4 million to $ 52.5 million. “Since the price of the share has risen, the conceptual expenditure on each employee option is greater, but that’s good news,” says Shemesh.On a non-GAAP basis, net of capital compensation to employees and other accounting expenses, quarterly net income increased by 22.8% to $ 17 million, or $ 0.34 per share. Half-earnings rose 57.7 percent to $ 18.4 million, or 37 cents a share. During the first half, Wix generated $ 52 million in cash flow from current operations, down from $ 72.3 million in the same period, as was expected due to investment in expanding support services. At the end of the quarter, the company had $ 825 million in cash, after it acquired Eran Gefen’s creative agency for an amount that was not reported (the report includes $ 2.8 million for the acquisition of a business, although it is not known if this is the full amount).A slowdown in subscriber growth

In the second quarter there was a certain slowdown in subscriber growth: 132,000 premium subscribers (paying) were added and now the number of subscribers is 4.3 million; The total number of subscribers is 154 million, an addition of 5.7 million. “As part of our new strategy, we have raised prices,” says Sun and Avi Stern, VP Finance at Wix, explaining that today Wix’s product provides much more capabilities than a few years ago – it’s not just a website building platform but a business And we do not want to be the cheapest solution in the Market, we took into account that the increase in prices will come at the expense of customers who used to choose the cheapest packages, so the increase is smaller, but the value of that premium user group increased by 9% compared to the previous year. The increase in average revenue per subscriber is 25% (from new customers compared to last year, Ultiple existing users increased by 28%, to 5.9 billion. According to Sun, Corvid (formerly Wix Code), which is gaining momentum, has opened the agency market 10 times the market. “In the US, there are a lot of agencies for building sites, and about 80-80 percent of the market is facing them, so it’s a multi-billion dollar market. Our intention is to be a much more dominant player. There are more and more agencies using Wix products today. “The company is raising its annual forecast and expects revenues of $ 761-765 million, up 26% -27% from 2018 (compared to a previous forecast of $ 758-763 million). Free cash flow will grow 21% -24% this year to $ 123-126 million.AudioCodes: Net profit of $ 4.8 million, stock up 6%

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