Wix.com Ltd (WIX: NSD) stock surged in pre-market trading after the company reported strong first-quarter earnings that beat analyst expectations.

Key Insights from WIX’s Q1 Earnings:  

Revenue surged 58% year-over-year to $329 million, exceeding the consensus estimate of $313.7 million. Wix also reported a net loss of $33.7 million, narrower than the $40.3 million loss that analysts were anticipating. The company’s upbeat results were driven by continued growth in its subscription base, which reached 8.4 million at the end of the quarter.

Wix’s results highlight the continued strong growth momentum in the website creation market. The company’s easy-to-use platform and wide range of features have made it a popular choice for businesses of all sizes looking to establish a strong online presence.

Future Outlook: 

Investors will be keen to hear more about Wix’s future plans during the company’s upcoming earnings call. Analysts will be looking for guidance on the company’s growth outlook for the rest of the year, as well as any plans for new product launches or acquisitions.