In the first quarter, much could be said about the top and bottom lines for Wix. But I think the real story here that's exciting investors is the company's free cash flow. This profit metric looks at how much cash the business brings in and subtracts out cash operating expenses and cash used for buying things such as buildings or equipment. So it can be a good indicator of a business' health. The company's cash flow is blowing past expectations. Wix kicked off 2024 with first-quarter free cash flow over $10 ...

Company Participants Conference Call Participants Operator I would now hand the conference over to your speaker host, Emily Liu of Investor Relations. Please go ahead. Thanks, and good morning, everyone. Welcome to Wix's first quarter 2024 earnings call. Joining me today to discuss the results are Avishai Abrahami, CEO and Co-Founder; Nir Zohar, our President and COO; and Lior Shemesh, our CFO. In addition, we will comment on non-GAAP financial results and key operating metrics. You can nd all reconciliatio ...

For the quarter ended March 2024, Wix.com (WIX) reported revenue of $419.78 million, up 12.2% over the same period last year. EPS came in at $1.29, compared to $0.91 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $417.71 million, representing a surprise of +0.50%. The company delivered an EPS surprise of +25.24%, with the consensus EPS estimate being $1.03. Here is how Wix.com performed in the just reported quarter in terms of the metrics most widely monitored and ...

Wix earned $24 million, 41 cents per share fully diluted, on revenue of almost $420 million during the quarter. Israeli website creator Wix (NASDAQ:WIX) beat earnings estimates, sending WIX stock up 20%. WIX stock opened today at $150 per share, a market cap of over $8 billion. That means shares are now up 27% for 2024. Wix competes with Squarespace (NASDAQ:SQSP), Shopify (NASDAQ:SHOP) and WordPress, among others. Website Builder rates it 4.9 out of 5, praising its diverse set of features and intuitive edit ...

It is not too yet too late to build a position in Wix.com Ltd (NASDAQ: WIX), says Mark Zgutowicz – a Benchmark analyst. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Wix stock could climb further to $175 Copy link to section Wix stock is up 10% this morning after beating Street estimates in its fiscal first quarter. But shares of the website creator could extend their rally all the way up to $175, as per Zgutowicz. His price objective suggests anot ...

What's Next for Wix.com? While Wix.com has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near ...

Exhibit 99.1 Wix Reports First Quarter 2024 Results • Strong start to year with total bookings of $457.3 million, up 10% y/y driven by reacceleration of Creative Subscriptions growth • Total revenue of $419.8 million exceeded expectations, up 12% y/y driven by continued momentum in the Partners business – reflecting market share gains and stronger than anticipated Wix Studio uptake • Robust top-line growth coupled with stable optimized cost structure drove record FCF margin of 26% in the most recent quarter ...

Record increase to FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration – now anticipating 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting Rule of 40 milestone already this year NEW YORK, May 20, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally2, today reported financial results for the first quarter of 2024. In addition, the Company provided its outlook for the second quarter and an increased outl ...

Wix.com (WIX) introduced three new AI-based image enhancement and creation tools to assist users in improving, customizing, and personalizing visual content for their websites. These tools include the AI Image Creator, Object Eraser and AI Image Editor. In May, the company launched the AI Portfolio Creator, a groundbreaking tool that leverages the power of artificial intelligence (AI) to aid users in crafting and showcasing an online professional portfolio. WIX highlighted that the new AI Portfolio Creator ...

Growth in the number of registered users and premium subscriptions are key revenue drivers. At the end of fourth-quarter 2023, registered users were 263 million. Average revenue per subscription is likely to have been driven by the shift to higher-tier packages, high pricing, and increased adoption and usage of business solution products. Healthy adoption of WIX Studio is likely to have driven the overall monetization of partner cohorts. In the last reported quarter, revenues from Partners business grew nea ...