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 (Nasdaq: WIX) launched the Branded App by Wix, a no-code mobile app builder, enabling users to create tailored native apps for their businesses. This addition supports business owners in enhancing their brand experience with integrated features like booking services and customer engagement tools. Wix data shows that businesses using native apps may experience up to a 510% increase in mobile service bookings. The Branded App is available for an additional cost, but customers can download it for free from app stores.
Wix.com Ltd. (Nasdaq: WIX) announced it will release its second quarter results for the period ending June 30, 2021, before market open on August 11, 2021. A conference call and webcast will follow at 8:30 a.m. ET, where management will discuss the financial outcomes. A press release with results and shareholder updates will precede the call. Investors and interested parties can access additional information through Wix's investor relations page.
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.
FAQ
What is the current stock price of WIX.com Ltd. (WIX)?
What is the market cap of WIX.com Ltd. (WIX)?
What services does Wix.com Ltd. provide?
Is Wix.com Ltd. available globally?
What is the Wix Editor?
What recent products has Wix launched?
How does Wix generate revenue?
What is Wix Studio?
What financial performance did Wix report for Q1 2024?
What makes Wix unique?
What is Wix's AI Website Builder?
Where can I find more information about Wix?
