Wix.com - WIX STOCK NEWS

Wix (NASDAQ: WIX) has announced the completion of its $200 million share repurchase program that was authorized by its Board of Directors in July 2024. The company has repurchased 868,026 ordinary shares, which represents approximately 1.5% of total outstanding shares. The repurchase was executed at a volume-weighted average price of $230.41 per share.

Wix (NASDAQ: WIX) has launched the AI Site-Chat, a virtual agent designed to enhance customer engagement on business websites. This new feature provides 24/7 customer support by answering queries and delivering real-time information, even when business owners are unavailable.

The AI Site-Chat integrates with websites' internal systems to provide accurate information, recognize user intent, and deliver precise search results and recommendations. It helps capture leads and allows businesses to refine their offerings based on customer inquiries. The feature is customizable to reflect brand voice and can be configured with specific business restrictions.

The service is currently available to Wix users in English, with a free access option and a Premium Plan for unlimited usage.

Wix.com (NASDAQ: WIX) has partnered with Pantone to launch the first-ever web design asset collection featuring the Pantone Color of the Year 2025, PANTONE 17-1230 Mocha Mousse. This exclusive collection, available on Wix Studio, includes dozens of web design assets such as 3D transparent videos, text marquee, video boxes, masks, pre-designed sections, interactive buttons, vector art, and six curated responsive templates.

The collaboration aims to provide web designers with trend-forward creative options incorporating the earthy brown hue that symbolizes warmth and balance. The -edition web capsule is designed to help creators craft immersive websites that combine modern demands with timeless beauty, offering both predesigned elements and customization options.

Wix has been named the Most Accessible Website Platform CMS and Best SEO Performer in the 2024 Web Almanac report by HTTP Archive. The platform achieved exceptional results in accessibility metrics, including alternative text for images and color contrast testing. Wix secured a perfect Lighthouse score of 100 for both mobile and desktop SEO performance.

The recognition highlights Wix's comprehensive accessibility features, including built-in tools like 'skip to main content,' automatic DOM order adjustments, and the Accessibility Wizard. The platform also demonstrated significant improvements in Core Web Vitals, including optimizations for the newly introduced INP metric.

Wix reported strong Q3 2024 results with total bookings of $449.8 million, up 16% year-over-year. Total revenue grew to $444.7 million, up 13% y/y. The company's performance was driven by Studio momentum, AI benefits, and robust commerce activity. Notable highlights include a 13% conversion uplift from AI-powered user onboarding tools and FCF margin expansion to 29%. Partners revenue reached $155.2 million, up 30% y/y. The company raised its full-year guidance, expecting 2H bookings growth of 17% y/y and exit 2024 with 18% y/y bookings growth.

Wix has launched an AI-powered visual sitemap and wireframe generator tool for Wix Studio, designed to enhance website planning efficiency for agencies and enterprises. The tool generates custom sitemaps and wireframes based on input project details including business type, site description, goals, and target audience.

Key features include project overview generation, real-time sync capabilities, built-in business solutions, and simplified client approval processes. The system allows users to customize sitemaps, export them for proposals, and access the Studio editor for wireframe modifications with pre-injected content suggestions.

Wix.com (NASDAQ: WIX) and The Society of Digital Agencies (SoDA) have released a special edition of the SoDA Report focusing on storytelling in modern web experiences. The report explores how agencies can leverage storytelling as a competitive advantage, examining trends, challenges, and opportunities in digital storytelling.

The collaboration combines SoDA's agency expertise with Wix Studio's digital solutions to provide insights on best practices for cross-device storytelling, emerging technologies like VR and AI, and immersive personalized experiences. The report aims to help agencies refine their strategies and create adaptive digital experiences in the evolving industry.

Wix.com (NASDAQ: WIX) announced its participation in a fireside chat at the UBS Global Technology and AI Conference on December 4, 2024, at 12:15 PM MST (2:15 PM EST). The event will be accessible via live webcast at this link. An archived replay will be available on Wix's investor relations website at this link.

Wix (Nasdaq: WIX) has announced it will release its third quarter 2024 financial results on November 20, 2024, before market opening. Management will host a conference call and webcast at 8:30 a.m. ET to discuss the results. The company will issue a press release, shareholder update, and additional materials prior to the call. A replay of the conference call will be available for 12 months. Wix identifies itself as the leading SaaS website builder platform globally, based on active live sites as of H1 2024.