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 Yell, the UK's leading provider of managed digital marketing services, to offer 'Smart Websites - powered by Wix'. This collaboration aims to assist SMEs in the UK in creating customized websites with enhanced functionality. The new websites will be optimized for all devices, SSL certified, and come with features like analytics, CRM capabilities, and payment acceptance. Yell CEO Claire Miles emphasized that this partnership responds to the growing need for SMEs to establish a strong online presence post-lockdown. Wix's technology will benefit Yell's extensive client base.
Wix (Nasdaq: WIX) announced the launch of Dine by Wix, a mobile app designed for restaurants to facilitate online ordering and reservations. With 65% of online orders coming from mobile, this extension enhances Wix's Restaurants platform, allowing direct customer engagement without commissions. The app includes features like loyalty programs and SMS reminders, available for free on both iOS and Android. This launch follows Wix's acquisition of SpeedEtab, strengthening its restaurant capabilities.
Wix (NASDAQ: WIX) announces the acquisition of Modalyst, a premier dropshipping platform, to enhance its eCommerce services. This acquisition aims to enable Wix merchants to connect with a vast supplier marketplace, streamlining the sourcing and fulfillment of products. Currently, Wix merchants that utilize dropshipping see a 40% increase in Average Order Value and a 79% boost in revenues within four months. The integration will empower businesses to expand product offerings and enhance their operational effectiveness, significantly aiding eCommerce growth.
Wix (Nasdaq: WIX) has launched its new POS solutions, enabling business owners to handle in-person payments for goods and services seamlessly. This system integrates with Wix's existing platform, allowing users to manage sales, inventory, and analytics from a single interface. The company highlights a 45% growth in businesses utilizing online commerce through its platform from March 2020 to March 2021. The POS system is currently available in the U.S. for verified Wix Payments account holders, with plans for future expansion.
Wix.com Ltd. (Nasdaq: WIX) will have CFO Lior Shemesh participate in a fireside chat at the Evercore ISI Inaugural Technology, Media and Communications Conference on June 8, 2021, at 9:30 a.m. ET. The event offers a live audio webcast and archived replay on Wix's investor relations website. Wix, a leading cloud-based website development platform, serves over 200 million registered users globally, providing tools for businesses and individuals to establish their online presence. For more information, visit their investor relations site.
Wix.com Ltd. (Nasdaq: WIX) will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 9:30 a.m. EDT. The presentation will be accessible via a live audio webcast and archived replay on Wix's investor relations website. Wix is a leading cloud-based website development platform with over 200 million registered users globally. It offers tools like the Wix Editor and Wix Payments to empower businesses and individuals to establish their online presence effectively.
Wix.com Ltd. reported Q1 2021 financial results, surpassing revenue and collection expectations. Total revenue rose 41% year-over-year to $304.1 million, with Creative Subscriptions and Business Solutions growing significantly. Collections also increased by 41% to $351.1 million. The company updated its full-year guidance, projecting revenue between $1.280 to $1.290 billion, reflecting ongoing growth momentum. CEO Avishai Abrahami emphasized Wix's role in online business transformation amid global recovery.
Wix (WIX) announced the acquisition of Rise.ai, enhancing its eCommerce capabilities. This integration aims to provide Wix merchants with advanced customer re-engagement tools such as loyalty programs, gift cards, and rewards, boosting customer spending and retention. In 2020, Wix facilitated over $5.4 billion in online transactions, reflecting significant growth. The acquisition supports Wix's strategy to empower businesses by streamlining customer engagement, ultimately increasing their profitability and long-term value.
Wix (Nasdaq: WIX) has launched the Accessibility Wizard, a tool designed to help users identify and resolve accessibility issues on their websites. This interactive solution assists users by scanning for problems and providing step-by-step guidance on how to fix them. With over one billion people globally relying on web accessibility features, this initiative aims to promote inclusivity. The Accessibility Wizard is accessible to all Wix users at no additional cost and aligns with international accessibility standards.
Wix.com Ltd. (Nasdaq: WIX) will release its first quarter 2021 financial results before the market opens on May 12, 2021. A conference call will take place at 8:30 a.m. ET to discuss these results, along with a shareholder update. The press release and additional materials will be available on the company's investor relations website prior to the call. Wix, a leading cloud-based website development platform, serves over 200 million registered users globally.
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