With interest rates rising, it has become increasingly difficult for tech companies to grow using the growth-at-all-cost model. Investors are being very picky with the companies they invest in while punishing companies that show no discipline in their expenses. Over the past months, companies have learned to pivot to newer cost models to survive in high-rate environments by reigning in their expenses while growing their businesses. Wix.com Ltd. (WIX, Financial) is one such company that has very quickly adap ...

Ygal Arounian Thank you. Operator Standby for our next question. Our next question comes from Andrew Boone of JMP Securities. Andrew, please go ahead with your question. Andrew Boone Good morning and thanks for taking my question. We as well are also thinking about you guys. I wanted to tie back the comment of self-created growth returning to double digit with sales marketing going forward. Historically you guys have had a very strong framework between those two items. And so, can you just talk about how we ...

Third Quarter | November 2023 WIX Forward Looking Statements 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 profitability; our expectations regarding changes in the global, national, ...

Exhibit 99.1 Wix Reports Third Quarter 2023 Results NEW YORK, November 9, 2023 -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally , today reported financial results for the third quarter of 2023. In addition, the Company provided its outlook for the fourth quarter and raised its outlook for full year 2023. Please visit the Wix Investor Relations website at https://investors.wix.com/ to view the Q3'23 Shareholder Update and other materials. 3 "Wix's performance in the third qua ...

Avishai Abrahami - Chief Executive Officer and Co-Founder Ken Wong - Oppenheimer & Co Good day and thank you for standing by. Welcome to the Wix Q2 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. With that, I'll turn the call over to Avishai. Corporate Participants Conference Call Participants Chris Zhang ...

Partners and Transaction Revenue Partners Revenue $64,883 $70,061 $77,007 $81,996 $84,893 $86,696 $94,584 $103,862 $115,163 $154,292 $269,955 $348,169 2-year CAGR 71% 67% 68% 68% 56% 47% 37% 34% 33% - 70% 50% Transaction Revenue $32,438 $32,290 $36,132 $36,557 $36,758 $36,040 $38,870 $42,298 $44,527 $55,783 $130,314 $148,226 2-year CAGR 468% 160% 149% 149% 86% 70% 21% 20% 17% - 242% 63% Company Overview | Second Quarter 2023 Cumulative Cohort change in deferred revenues $1 $1 $2 $4 $5 $7 $12 $16 $18 $21 $23 ...

Exhibit 99.1 Wix Reports Second Quarter 2023 Results • Outperformance continued in the second quarter with total revenue of $390.0 million exceeding expectations, up 13% y/y as Creative Subscriptions and Business Solutions revenue growth accelerated for third consecutive quarter • Growing number of Partners1 building on Wix and higher usage of Wix for projects with improved monetization driving growth acceleration of Partners revenue to $115.2 million, up 36% y/y • Benefits from operational efficiencies com ...

Color IMAGE COLORS Company Overview First Quarter 2023 // not + Edit Grid Choose a layout WiX 8 10 100 Safe Harbor . Non-GAAP Financial Measures and Key Operating Metrics To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant currency basis, revenue on a constant currency basis, non-GAAP gross margin, non-GAAP operating income (loss), n ...

Wix.com Ltd. (NASDAQ:WIX) Q1 2023 Earnings Conference Call May 17, 2023 8:30 AM ET Company Participants Rona Davis - Head PR & Communications Avishai Abrahami - Chief Executive Officer and Co-Founder Nir Zohar - President and Chief Operating Officer Lior Shemesh - Chief Financial Officer Conference Call Participants Ygal Arounian - Citigroup Aaron Kessler - Raymond James Mark Mahaney - Evercore ISI Elizabeth Porter - Morgan Stanley Clarke Jeffries - Piper Sandler Trevor Young - Barclays Brent Thill - Jeffer ...

Exhibit 99.1 Wix Reports First Quarter 2023 Results • Strong profitable start to the year with total revenue of $374.1 million in the first quarter exceeding expectations, up 10% y/y, marked by acceleration in Creative Subscriptions revenue growth, up 9% y/y and continued strong growth in Business Solutions revenue, up 11% y/y • Intensified focus on driving efficiencies and discipline across operating cost structure resulted in stronger than expected FCF1 generation and FCF margin of 12% ◦ Non-GAAP gross ma ...