WIX.com Ltd. - WIX STOCK NEWS

Wix.com Ltd. (Nasdaq: WIX) reported Q3 2022 revenue of $345.8 million, an 8% year-over-year increase. Notably, constant currency revenue rose to $350.8 million, marking a 10% gain. The company successfully implemented a cost reduction plan, improving gross margins and generating positive non-GAAP net income. Wix forecasts a return to non-GAAP operating income in Q4 2022, with expected free cash flow between $47-50 million. The board has authorized a $300 million share repurchase plan, reinforcing its commitment to shareholder value.

Wix.com Ltd. (NASDAQ: WIX) announced that CFO Lior Shemesh and US GM Joe Pollaro will participate in a fireside chat at the 2022 RBC Global Technology, Internet, Media and Telecom Conference on November 15, 2022, at 3:10 p.m. ET. The event will be held at the InterContinental Barclay New York Hotel and will be available via live audio webcast on Wix's investor relations website.

Wix is recognized for its comprehensive platform enabling users to create and manage their digital presence effectively.

Wix.com Ltd. (NASDAQ: WIX) has announced its partnership with React Native, joining tech leaders like Meta and Microsoft to enhance open-source programming. This partnership allows Wix to take an active role in promoting the React Native framework and supporting its community. Wix boasts one of the largest React Native codebases, contributing over 30 projects, including Detox and RN Navigation. As a React Native Partner, Wix aims to improve mobile app development, enabling developers to create cross-platform applications more effectively.

Wix.com Ltd. has announced the details for its upcoming conference call to discuss the financial results for the third quarter ending September 30, 2022. Scheduled for Thursday, November 10, 2022, at 8:30 a.m. ET, the call will provide insights into the company's performance. Wix will issue a press release prior to the call with key results and updates for shareholders. Interested listeners can find further details and register for the call through the company’s investor relations website.

Wix (Nasdaq: WIX) has authorized a $300 million share repurchase program to enhance shareholder value and counter dilution from stock-based compensation. This follows a previous $200 million buyback initiative. CFO Lior Shemesh emphasized confidence in generating free cash flow and maintaining a healthy balance sheet, viewing the current stock price as attractive for repurchase. The program will employ various repurchase methods and may be adjusted based on market conditions. Wix aims to fund these repurchases using available cash and future operational cash flow.

Klaviyo has announced a new integration with Wix.com Ltd (WIX), enhancing Wix users' ability to utilize Klaviyo's customer data platform for personalized email and SMS marketing. This integration allows seamless access to customer data and communications, helping brands build stronger customer relationships and increase revenue. The partnership addresses growing consumer demand for personalized experiences, enabling hyper-targeted messaging based on user interactions on Wix. This integration is available to users in English.

Wix and Semrush announced a partnership enabling Wix users to access Semrush's extensive SEO tools directly from the Wix platform. This integration allows users to identify effective keywords and improve their website visibility in search results. Powered by Semrush's database of over 21 billion keywords, users can access critical metrics like search intent and keyword difficulty. The integration is part of Wix's SEO Setup Checklist and aims to democratize SEO, enhancing the tools available for businesses to manage their online marketing effectively.

Wix (Nasdaq: WIX) has launched Design Threads, a comprehensive digital report and exhibition exploring contemporary design issues, produced in collaboration with PORTO ROCHA and float. Featuring insights from 30 design leaders and 250 community responses, it examines urgent questions surrounding the design profession, including AI insecurity and the future of democratization. The report, released on September 15, 2022, invites dialogue and reflection on the realities designers face today. An exhibition showcasing these themes will be held at the Wix Playground in New York City starting September 16.

Wix.com Ltd. (NASDAQ: WIX) launched Wix Portfolio, a tool for creating professional online portfolios. Users can customize layouts based on industry trends and sync projects from external platforms like Instagram and Google Photos. Approximately 40% of Wix users have portfolio pages, indicating a high demand. The new offering allows users to manage their portfolios easily via the mobile app, enhancing online visibility and potential revenue generation for various professions.