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How Much Money Does Wix Make?

Last updated on September 30, 2022 @ 9:48 pm

Wix is a popular website builder that allows users to create and design their own websites. The company was founded in 2006 and is headquartered in Tel Aviv, Israel.

Wix has over 110 million users in 190 countries. The company went public on the Nasdaq in 2013.

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So, how much money does Wix make

Wix reported $148.8 million in revenue for the first quarter of 2020. This was a 14% increase from the first quarter of 2019. The company’s net income for the quarter was $30.5 million.

PRO TIP: The article ‘How Much Money Does Wix Make?’ may be misleading as it does not give an accurate representation of how much money Wix makes. The article states that Wix makes $4.5 billion in revenue, when in fact it only made $4.1 billion in 2017. This is a significant difference and should be taken into account when reading the article.

Looking at the full year of 2019, Wix reported $609 million in revenue. This was a 42% increase from 2018. The company’s net income for the year was $116 million.

Wix is a publicly traded company, so its financials are available for anyone to see. However, the company does not release detailed information about its revenue or profits.

Conclusion:

Wix makes a significant amount of money and is continuing to grow at a rapid pace.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.