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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.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.
Wix.com Ltd. (Nasdaq: WIX) will announce its fourth quarter and full year 2020 results before the market opens on February 17, 2021. A conference call will take place at 8:30 a.m. ET that day, where management will discuss financial results with shareholders. Prior to the call, Wix will release a press statement detailing these results alongside a shareholder update. Interested parties can access the webcast and further details on their investor relations page.
Wix.com Ltd. (Nasdaq: WIX) announced a virtual Management Update scheduled for December 9, 2020, starting at 11:00 a.m. ET. Key management team members will present key accomplishments and discuss growth drivers for 2021 and beyond. This event will be accessible live and via archived replay on the Company's Investor Relations webpage. Wix supports over 189 million registered users globally with its cloud-based website development platform, further enhancing its digital presence capabilities.
Wix.com Ltd. (Nasdaq: WIX) announced that CFO Lior Shemesh and GM Joe Pollaro will present at the 2020 RBC Global Technology, Internet, Media and Telecommunications Conference on November 17, 2020, at 9:20 a.m. ET. The presentation will be available as a live audio webcast and archived replay on Wix's investor relations website. Wix is a cloud-based website development platform with over 189 million registered users worldwide, empowering individuals and businesses to create a digital presence.
Wix.com Ltd. reported robust Q3 2020 financial results, with total revenue reaching $254.2 million, up 29% year-over-year. Creative Subscriptions revenue increased by 23% to $203.0 million, while Business Solutions revenue surged by 60% to $51.2 million. Despite strong demand, the company faced a GAAP net loss of $(56.8) million. Free cash flow decreased by 34% to $19.4 million. Looking ahead, Wix anticipates Q4 revenue between $266-271 million, reflecting continued strong demand for online presence services.
Wix.com Ltd (Nasdaq: WIX) announced the appointment of Ferran Soriano to its board of directors. Soriano, CEO of City Football Group since 2012, brings extensive experience in building businesses and brands across various international markets. His prior role as Vice Chairman and CEO of FC Barcelona contributed significantly to the club's transformation. Wix aims to leverage Soriano's expertise to drive growth in its expanding platform, which currently serves over 189 million users globally.
Wix (Nasdaq: WIX) expands its Wix Playground Academy to Europe, launching in January 2021. The program aims to enhance design skills for aspiring designers through workshops and mentorship at no cost. Transitioning to a digital format due to COVID-19, the Academy has successfully adapted, allowing greater accessibility. The European session runs from January 4 to January 29, 2021, with applications open until mid-December. Graduates have found employment at top design firms globally, indicating the program's effectiveness in bridging education and industry.
Wix.com Ltd. (Nasdaq: WIX) will report its third-quarter financial results for 2020 on November 12, 2020, before market opening. A conference call will take place at 8:30 a.m. ET on the same day to discuss the results. The call will also include a shareholder update and additional materials. Investors can access the information via Wix's investor relations website.
Wix has announced a partnership with Vodafone, aimed at assisting UK-based small and medium-sized businesses (SMBs) in establishing an online presence. Through the Vodafone Business Marketplace, customers can choose Wix subscription packages to create professional websites and online stores. The initiative includes personalized support from a technician to guide users through the setup. This collaboration marks a significant milestone for Wix's Channels initiative, enhancing its global reach. The service is expected to expand to other Vodafone markets soon.
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