Welcome to our dedicated page for WIX.com Ltd. news (Ticker: WIX), a resource for investors and traders seeking the latest updates and insights on WIX.com Ltd. 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 has partnered with DoorDash Drive to enhance delivery services for restaurants using the Wix Restaurants platform. This integration allows restaurant owners to manage delivery directly through their websites and branded apps, thereby reducing logistics challenges without the need to establish their own delivery fleets. The partnership aims to improve profitability with flat-rate delivery fees and provide valuable customer insights. DoorDash Drive's scalable fleet will support restaurants in reaching more customers and enhancing service efficiency.
Wix.com Ltd. (Nasdaq: WIX) will announce its first quarter 2022 results on May 16, 2022, followed by a virtual Analyst & Investor Day on May 19, 2022, at 8:30 AM ET. Key management will discuss growth initiatives and present a three-year financial plan. Additionally, Wix's board has approved a $500 million securities repurchase program, pending court approval in Israel. The repurchase will comply with SEC regulations and may be paused at Wix's discretion. Live webcasts of the events will be accessible via Wix's investor relations site.
Wix.com Ltd. (Nasdaq: WIX) has announced a new integration with Amazon's Multi-Channel Fulfillment (MCF) to help Wix eCommerce merchants in the US streamline order fulfillment. This app allows merchants to access Amazon's logistics network for fast shipping options, with delivery in as little as one day. Key benefits include improved sales conversion through upfront delivery promises and competitive pricing with no upfront fees. The goal is to alleviate operational complexities for merchants, enabling them to focus on growth by leveraging Amazon's robust fulfillment capabilities.
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.
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