WIX.com Ltd. - WIX STOCK NEWS

Wix.com Ltd. (Nasdaq: WIX) reported Q4 2021 revenue of $328.3 million, growing 16% year-over-year, with Creative Subscriptions revenue at $246.7 million, up 15%. Full-year revenue reached $1.27 billion, a 29% increase compared to 2020. The company added 478,000 net premium subscriptions, totaling 6 million. Despite a GAAP net loss of $111 million in Q4, Wix projects Q1 2022 revenue between $338 million and $343 million. Management remains optimistic, highlighting investments in growth initiatives, while adjusting guidance practices due to ongoing demand volatility.

Deepcrawl has partnered with Wix to launch a custom-built app aimed at improving SEO tools for users of the Wix platform. This app will enable users to monitor website health and identify optimization opportunities effectively. The integration of Deepcrawl's enterprise-grade SEO technology provides actionable insights for SMEs, automating weekly checks for coding errors and SEO best practices. The app is available for Wix Premium users at an additional cost, supporting businesses in enhancing their online presence.

Wix.com Ltd. (WIX) will announce its fourth quarter and full-year results for 2021 before the market opens on February 16, 2022. A conference call and webcast will be held at 8:30 a.m. ET for management to discuss the financial results and answer questions. Interested parties can access the press release and additional materials via Wix's investor relations site.

On December 1, 2021, PayPal announced that Wix merchants can now offer PayPal Pay in 4 and PayPal Credit through a dedicated Pay Later button. This partnership aims to help businesses maximize holiday sales. Online retail sales reached $8.9 billion on Black Friday 2021, reflecting a strong demand for eCommerce. Merchants utilizing PayPal Pay in 4 reported a 21% increase in payment volume, indicating its effectiveness in boosting sales conversions.

Wix.com Ltd. (Nasdaq: WIX) will be represented by Joe Pollaro, GM of the US, at the Nasdaq 45th Investor Conference on November 30, 2021, at 12:00 p.m. EST. This virtual event provides investors with insights into Wix's cloud-based website development platform, which serves over 215 million registered users globally. The presentation will be available via live audio webcast and archived on Wix's investor relations website: https://investors.wix.com.

Wix.com Ltd. (Nasdaq: WIX) reported strong Q3 2021 results, with total revenue of $320.8 million, up 26% year-over-year. Creative subscriptions revenue reached $241.3 million, a 19% increase, while business solutions rose by 55% to $79.5 million. Collections also exceeded expectations at $373.3 million, up 33% year-over-year. The company raised its FY 2021 revenue outlook to $1,265 - 1,274 million. CEO Avishai Abrahami expressed optimism about ongoing user growth and new monetization strategies, including partnerships with B2B companies like Vistaprint.

Wix (Nasdaq: WIX) has launched Wix Fit, an integrated platform designed for fitness professionals. This solution offers tools for class management, online bookings, and payments integration through Wix Payments. Since its inception in 2019, Wix Fit has evolved to support the shift towards hybrid fitness models, with 44% of its businesses being hybrid or virtual. The platform enhances customer engagement through mobile apps, allowing users to book classes and track performance.

Priority Technology Holdings, Inc. (NASDAQ: PRTH) has partnered with Wix (Nasdaq: WIX) to integrate the Priority MX Gateway into the Wix platform. This collaboration enables merchants to utilize Wix's tools to create a customizable online presence while benefitting from Priority’s payment solutions. The integration aims to enhance revenue management and streamline workflows, catering to the needs of small and medium businesses. With over 250,000 merchants using Priority’s services, this partnership emphasizes a mutual commitment to supporting the SMB community.

Wix.com Ltd. (Nasdaq: WIX) will participate in a fireside chat at the 2021 RBC Global Technology, Internet, Media and Telecom Virtual Conference on November 16, 2021, at 10:40 a.m. ET. Key executives, including COO Nir Zohar, CFO Lior Shemesh, and GM of the US Joe Pollaro, will represent the company. Investors can access the event through a live audio webcast available on Wix's investor relations website. Wix is a leading cloud-based website development platform, serving over 210 million registered users globally.