Great. Thank you. And just as a follow-up, I wanted to ask on just the algorithm between top line revenue growth and investment, given your initial three-year plan suggested roughly unchanged revenue growth. And now, we're seeing an improvement with growth excepted to accelerate in 2025. How do you think about the levers of investment? Understanding you guys are still exceeding the Rule of 40 in 2025, just helpful to understand the framework, around the opportunity to invest versus maybe less of a need, giv ...

Wix.com Ltd (WIX) reported non-GAAP diluted earnings per share (EPS) of $1.22 for fourth-quarter 2023, exceeding the Zacks Consensus Estimate of 98 cents. The company had reported EPS of 61 cents in the year-ago quarter.Total revenues increased 14% year over year to $403.8 million and beat the Zacks Consensus Estimate of $402.6 million.At the end of Dec 31, 2023, registered users were 263 million.Quarter in DetailCreative Subscriptions’ revenues (73.3% of total revenues) increased 12% year over year to $296 ...

Wix.com (WIX) reported $403.77 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.7%. EPS of $1.22 for the same period compares to $0.61 a year ago.The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $402.61 million. With the consensus EPS estimate being $0.98, the EPS surprise was +24.49%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Wix.com (WIX) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.49%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $0.77 per share when it actually produced earnings of $1.10, delivering a surprise of 42.86%.Over the last four qua ...

1 our expectations relating to the repurchase of our ordinary shares and/or Convertible Notes pursuant to our repurchase program; our expectation that we will effectively manage our infrastructure; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, as well as our ability to achieve and maintain profi ...

Outperformance of 2023 targets as well as anticipated acceleration of top-line growth and overachievement of 2024 targets in three-year plan underpin expectation to significantly surpass the Rule of 40 in 2025 Capped off a year of strong growth with total revenue of $404 million in the fourth quarter, up 14% y/y driven by continued growth acceleration in the Partners business Partners1 revenue totaled $130.1 million in Q4, up 38% y/y, as more Partners joined Wix, monetization continued to increase and Stu ...

"We wrapped up an outstanding year of accelerating growth and record profitability with a strong fourth quarter underpinned by robust business fundamentals and anchored by incredible momentum in our Partners business," said Avishai Abrahami, Wix Co-founder and CEO. "Additionally, 2023 was a milestone year for innovation at Wix. Wix Studio has proven to be our highest-performing product release in recent history. In just six months, more than 500,000 agencies and freelancers have created Studio accounts, dri ...

This strategic partnership will provide Wix merchants with an advanced cross-border eCommerce solution, simplifying international payments, shipping, tax and complianceNEW YORK, Feb. 20, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global digital presence1, today announced a strategic partnership with Global-e Online Ltd. (Nasdaq: GLBE), the global leader of Direct-To-Consumer cross border eCommerce enablement, to offer Wix merchant ...

SOPA Images/LightRocket via Getty Images Introduction & Investment Thesis Wix (NASDAQ:WIX) is a leading web development platform that had a fairly volatile year in 2023. However, it still managed to outperform the indices. With the stock up 5% YTD, I believe there is room for significant upside from current levels. The company beat both its top and bottom-line expectations in the Q3 FY23 earnings report, and at the same time, the management revised its revenue and earnings guidance upwards for Q4. With the ...

Wix.com (WIX) ended the recent trading session at $128.42, demonstrating a -0.91% swing from the preceding day's closing price. This change lagged the S&P 500's 0.58% gain on the day. Elsewhere, the Dow saw an upswing of 0.91%, while the tech-heavy Nasdaq appreciated by 0.3%.Coming into today, shares of the cloud-based web development company had gained 3.57% in the past month. In that same time, the Computer and Technology sector gained 8.43%, while the S&P 500 gained 4.61%.The upcoming earnings release of ...