Welcome to our dedicated page for Wix.com news (Ticker: WIX), a resource for investors and traders seeking the latest updates and insights on Wix.com stock.
Wix.com Ltd. (NASDAQ: WIX) is a leading global software platform that empowers millions of users to create, manage, and grow their online presence. Founded in 2006, Wix has grown exponentially and now serves millions of small businesses, organizations, professionals, and individuals across 190 countries. The company offers a robust cloud-based platform that includes a range of products like Wix Editor and Wix Studio, catering to users with various levels of technical expertise.
Wix operates on a freemium model, providing both free and premium subscription plans. The platform's core features include an intuitive drag-and-drop editor, a highly curated app market, mobile-optimized websites, and advanced SEO tools. These features enable users to build and manage fully integrated and dynamic digital presences without needing extensive technical skills.
Recently, Wix launched several innovative products to enhance user experience further. Wix Proposals, powered by Prospero, offers seamless proposal creation and management. The newly released AI Portfolio Creator utilizes advanced AI technologies to streamline the creation of professional online portfolios. Additionally, Wix introduced AI-powered image enhancement tools like the AI Image Creator, Object Eraser, and AI Image Editor, which assist users in creating high-quality, customized visual content.
Wix's financial outlook remains strong, with robust growth in revenue and free cash flow. As of Q1 2024, the company reported a significant increase in revenue and an optimistic forecast for the rest of the year. The company continues to innovate and expand its offerings, recently making its AI Website Builder available in multiple languages to cater to a global audience.
Wix's commitment to making the internet accessible to everyone has resonated well, resulting in a substantial user base and strong financial performance. The company also engages in strategic partnerships and acquisitions to continually enhance its platform. For more about Wix, visit their Press Room.
Wix reported strong Q4 and FY 2024 results, with Q4 revenue reaching $460.5 million (up 14% y/y) and total bookings of $464.6 million (up 18% y/y). The company achieved its first year of positive GAAP operating income, with Q4 GAAP net income of $48 million.
Key highlights include Partners revenue growth of 30% y/y in FY2024, and Creative Subscriptions ARR increasing to $1.343 billion (up 13% y/y). Free cash flow nearly doubled in 2024, with Q4 FCF margin at 29% and full-year FCF margin at 28%.
For 2025, Wix expects bookings of $2.025-2.060 billion (11-13% growth) and revenue of $1.970-2.000 billion (12-14% growth). The company completed its $200 million share repurchase plan in January, totaling $725 million in aggregate repurchases since August 2023.
Wix.com (NASDAQ: WIX), the global leader in SaaS website building platforms, has announced its upcoming participation in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference. The event is scheduled for Wednesday, March 5th at 3:20 p.m. PST.
Investors and interested parties can access the discussion through a live audio webcast, which will also be archived for later viewing on Wix's investor relations website at https://investors.wix.com.
Wix has launched the Business Launcher, an AI-powered tool designed to help users transform their skills into viable business ventures. The platform creates personalized business solutions by analyzing users' backgrounds through questionnaires or resume uploads. The AI tool generates a comprehensive profile based on work experience, skills, education, and interests, considering whether users aim for a side hustle, new career, or full-time business.
The system provides tailored business ideas with detailed breakdowns including skill alignment, market size, SEO keywords, and monetization strategies. Users receive a complete launch kit featuring a custom business name, personalized website, logo creation options, domain suggestions, and marketing tools. The process integrates with Wix's AI Website Builder and culminates in a customized dashboard with relevant business management apps.
Wix.com (Nasdaq: WIX) has scheduled its fourth quarter and full year 2024 financial results announcement for February 19, 2025, before market opening. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results.
A press release containing the financial results, along with a shareholder update and additional materials, will be made available on the company's investor relations website prior to the conference call. The webcast replay will be accessible for 12 months following the presentation.
Wix maintains its position as the leading SaaS website builder platform globally, based on active live sites data from H1 2024. Since its inception as a website builder in 2006, Wix has evolved into a comprehensive platform offering enterprise-grade performance, security, and infrastructure, along with commerce solutions and advanced marketing tools.
TWIPLA, a privacy-first website analytics leader, announces new features and expanded partnership with Wix (NASDAQ: WIX) for 2025. The company introduced several key innovations including Advanced Behavioral Events, Company Reveal functionality, White-Label SaaS Solution, E-commerce Statistics, and Outgoing Traffic Tracking.
The expanded Wix partnership, dating back to 2015, will integrate TWIPLA's solutions into Wix Analytics with general availability expected in Q2 2025. The integration includes native ABEs functionality and additional access points within Wix's interface.
TWIPLA's cookieless analytics solution enables businesses to capture up to 500% more visible traffic by eliminating the need for user consent while maintaining privacy compliance. The company has experienced significant growth among U.S. Fortune 500 enterprise clients as the industry adapts to the phasing out of third-party cookies.
Wix (NASDAQ: WIX) has announced a new integration with YouTube Shopping, allowing merchants to sell products directly through the video platform. This expansion builds upon Wix's existing collaboration with Google Shopping and enables merchants to showcase their products in a store format on YouTube profiles.
The integration offers key features including: product tagging in YouTube videos, live streams, and shorts; automatic product display on the YouTube store tab; performance tracking through YouTube analytics; and automatic syncing of product details between Wix and YouTube platforms.
Merchants can manage YouTube Shopping through the Google & YouTube Sales Channels section in their Wix dashboard, accessing features like product tagging, product drops, and store tab showcasing. The integration is available in all locations where YouTube Shopping is supported.
Wix (NASDAQ: WIX) has announced the completion of its $200 million share repurchase program that was authorized by its Board of Directors in July 2024. The company has repurchased 868,026 ordinary shares, which represents approximately 1.5% of total outstanding shares. The repurchase was executed at a volume-weighted average price of $230.41 per share.
Wix (NASDAQ: WIX) has launched the AI Site-Chat, a virtual agent designed to enhance customer engagement on business websites. This new feature provides 24/7 customer support by answering queries and delivering real-time information, even when business owners are unavailable.
The AI Site-Chat integrates with websites' internal systems to provide accurate information, recognize user intent, and deliver precise search results and recommendations. It helps capture leads and allows businesses to refine their offerings based on customer inquiries. The feature is customizable to reflect brand voice and can be configured with specific business restrictions.
The service is currently available to Wix users in English, with a free access option and a Premium Plan for unlimited usage.
Wix.com (NASDAQ: WIX) has partnered with Pantone to launch the first-ever web design asset collection featuring the Pantone Color of the Year 2025, PANTONE 17-1230 Mocha Mousse. This exclusive collection, available on Wix Studio, includes dozens of web design assets such as 3D transparent videos, text marquee, video boxes, masks, pre-designed sections, interactive buttons, vector art, and six curated responsive templates.
The collaboration aims to provide web designers with trend-forward creative options incorporating the earthy brown hue that symbolizes warmth and balance. The -edition web capsule is designed to help creators craft immersive websites that combine modern demands with timeless beauty, offering both predesigned elements and customization options.
Wix has been named the Most Accessible Website Platform CMS and Best SEO Performer in the 2024 Web Almanac report by HTTP Archive. The platform achieved exceptional results in accessibility metrics, including alternative text for images and color contrast testing. Wix secured a perfect Lighthouse score of 100 for both mobile and desktop SEO performance.
The recognition highlights Wix's comprehensive accessibility features, including built-in tools like 'skip to main content,' automatic DOM order adjustments, and the Accessibility Wizard. The platform also demonstrated significant improvements in Core Web Vitals, including optimizations for the newly introduced INP metric.
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