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. (WIX) provides a cloud-based platform enabling businesses and individuals to build, manage, and scale professional websites. This page aggregates official announcements, including product innovations, financial results, and strategic partnerships, offering stakeholders a centralized resource for tracking the company’s evolution in the competitive SaaS landscape.
Investors and users will find timely updates on AI-driven innovations like Wix Studio and ADI (Artificial Design Intelligence), alongside critical business developments such as ecommerce integrations and market expansions. All content is sourced directly from verified press releases to ensure accuracy and compliance.
The page organizes news into key categories: quarterly earnings, technology updates, leadership announcements, and strategic collaborations. This structure allows quick access to material relevant to financial analysis, competitive research, or platform enhancement tracking.
Bookmark this page or check back regularly to stay informed about Wix’s advancements in democratizing web development through intuitive tools and enterprise-grade solutions. For real-time updates, subscribe to Stock Titan’s alerts for WIX-related disclosures.
Wix.com Ltd (NASDAQ: WIX) has partnered with LegalZoom.com, Inc (NASDAQ: LZ) to support small business owners in creating and managing their online presence. This collaboration will integrate services allowing entrepreneurs to form their businesses legally in the U.S. while building their website simultaneously. LegalZoom's legal and compliance tools combined with Wix's website-building capabilities aim to streamline small business startups, providing tailored solutions at various stages of business development. The joint offering is expected to launch in the second half of 2022.
Wix.com Ltd. (Nasdaq: WIX) has launched a new Seating Map Builder for businesses and venues, allowing them to create customized seating maps for events. This tool enables customers to select and purchase assigned seats easily. The builder accommodates various seating arrangements, and businesses can price tickets based on seat locations. Since its release, average ticket sales and prices have increased. Wix Events has seen an 88% year-over-year rise in gross payments volume, with 75% more tickets sold online in Q1 2022 compared to Q1 2021. The builder is available to all Wix premium users at no additional cost.
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.
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