Wix.com Stock Price, News & Analysis

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.

DeviantArt has launched a new subscription service allowing artists to monetize their work directly on the platform, catering to Core Members. This service enables artists to create exclusive content tiers and communicate with fans, enhancing their income potential. Additionally, the platform introduces competitive Core Membership plans with fees as low as 2.5%. DeviantArt has also integrated BitPay for cryptocurrency payments, allowing artists to receive earnings in Bitcoin and other digital currencies. The company continues innovating with features like DeviantArt Protect to safeguard artists' works.

Wix.com Ltd. (Nasdaq: WIX) will announce its third quarter 2021 financial results on November 11, 2021, prior to the market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss the results and provide a shareholder update. Interested parties can join the call via US/Canada Toll-Free number +1-877-667-0467 or access it through a live webcast available on Wix's investor relations page.

Wix has partnered with BitPay to introduce cryptocurrency payment options for its eCommerce platform, allowing Wix merchants to accept payments in over 12 cryptocurrencies, including Bitcoin and Ethereum. This integration enables businesses to tap into the vast cryptocurrency market, which has a total cap exceeding $1.4 trillion. Merchants can also benefit from lower transaction fees and an increase in average order value by about 2x. Initially, the service will be available to merchants in the US, UK, Brazil, Australia, Canada, and Germany.

Wix.com has completed a $200 million share repurchase program authorized in May 2021. The company repurchased 895,136 shares, approximately 1.6% of total outstanding shares, at a volume-weighted average price of $223.41 per share. CFO Lior Shemesh stated that this reflects confidence in Wix's business strength and aims to return value to shareholders while pursuing growth. The decision comes as Wix shares are trading below their perceived intrinsic value.

Wix.com Ltd. (Nasdaq: WIX) announced that Joe Pollaro, General Manager, US, will speak at the Wolfe Inaugural TMT Conference on September 8, 2021, at 11:05 a.m. ET. The event will be available through a live audio webcast on Wix's investor relations site. Wix is a leading website development platform with over 210 million registered users globally, helping businesses establish their online presence through various tools and services.

Wix.com Ltd. (Nasdaq: WIX) reported Q2 2021 revenues of $316.4 million, up 34% year-over-year, attributed to growth in both Creative Subscriptions and Business Solutions. Despite these gains, the company noted a mild slowdown in user growth due to pandemic uncertainty. Non-GAAP net loss was $(15.8) million, with GAAP net profit at $38 million, boosted by unrealized gains in equity. Wix updated its 2021 guidance for revenue and cash flow, reflecting ongoing pandemic challenges. A strategic partnership with Vistaprint aims to empower small businesses.