WIX.com Ltd. - WIX STOCK NEWS

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.

Wix (Nasdaq: WIX) has launched Spaces by Wix, a native mobile app designed for customers to engage and transact with businesses using the Wix platform. This app aims to enhance mobile interaction, as 70% of customers reportedly prefer mobile engagement. Wix users can easily create a personalized app experience for their customers, enabling features such as product purchases, appointment bookings, and community interaction. Over 5 million downloads have been achieved, with business owners reporting significant increases in engagement, purchases, and bookings.

Wix (Nasdaq: WIX) has announced an expanded integration with Google, allowing users to manage their Business Profile directly through the Wix platform. This integration aims to simplify the business management process for users, enabling them to create, verify, and update their profiles without switching platforms. Benefits of an updated profile include a 70% increase in location visits and a 50% higher likelihood of purchases. This partnership emphasizes Wix's commitment to enhancing its users' online presence.

Wix (Nasdaq: WIX) announced the acquisition of Miami-based SpeedETab, enhancing its Wix Restaurants platform. This acquisition aims to streamline online ordering and management for restaurants, integrating with various POS systems. Wix Restaurants experienced significant growth, with a 143% increase in restaurants selling online and a 378% rise in online orders over the past year. The acquisition will provide a comprehensive solution for restaurant owners, allowing seamless order management across multiple channels, thereby supporting their digital transformation in the industry.

Wix (Nasdaq: WIX) has achieved a significant milestone, surpassing 200 million registered users globally as of February 2021. In 2020, the platform gained 31 million new users, largely driven by the surge in online business activities due to the pandemic. Wix's online commerce platform saw a remarkable 126% growth in Gross Payment Volume (GPV), reaching $5.4 billion. The company aims to continue investing in product development and customer care to maintain this momentum into 2021 and beyond.

Wix.com Ltd. (Nasdaq: WIX) announced its presentation at the 2021 JMP Securities Technology Conference on March 2, 2021, at 10:30 a.m. EST. The event will include a live audio webcast and an archived replay available on Wix's investor relations website. Wix is a leading cloud-based website development platform with over 200 million registered users. The company aims to make web development accessible, offering tools like the Wix Editor and Velo by Wix for businesses and individuals to create and manage their online presence.

Wix.com Ltd. (Nasdaq: WIX) announced its record-breaking financial results for 2020, with total revenue reaching $988.8 million, a 30% increase year-over-year. The company exceeded guidance in revenue, collections, and free cash flow, reporting collections of $1.102 billion. Notably, Wix added over 31 million new registered users in 2020. The company forecasts 37-41% collections growth for Q1 2021 and 30-32% for the full year. Despite these successes, Wix reported a GAAP net loss of $(216.5) million for 2020, an increase from $(86.4) million in 2019, highlighting the continued investment in customer care and hosting.

Editor X, launched by Wix, emerges from beta as the world's first fully collaborative web creation platform. With 200K users, it introduces features like concurrent editing, enabling multiple users to edit simultaneously. The platform enhances collaboration with live commenting, advanced roles, and shared design libraries, boosting design team efficiency. Users can create unlimited sites for free or upgrade for premium features. This innovative solution aims to revolutionize web design workflows.