Core Insights - Wix.com Ltd reported non-GAAP EPS of $1.93 for Q4 2024, surpassing the Zacks Consensus Estimate of $1.61 and up from $1.22 in the same quarter last year [1] - Quarterly revenues increased 14% year over year to $460.5 million, slightly missing the Zacks Consensus Estimate of $461.3 million; total revenues for 2024 reached $1.761 billion, a 13% increase [2] Financial Performance - Creative Subscriptions, accounting for 71.6% of total revenues, saw an 11% year-over-year increase to $329.7 million; Business Solutions revenues rose 21% to $130.7 million [4] - Bookings improved 18% year over year to $464.4 million, with Creative Subscriptions bookings increasing 15% to $325.2 million and Business Solutions bookings rising 25% to $139.4 million [5] - Non-GAAP gross margin remained flat at 70%, with Creative Subscriptions at 85% and Business Solutions at 32%; non-GAAP operating income was $100.5 million compared to $64.7 million in the previous year [7] User Growth and Regional Performance - As of December 31, 2024, Wix had 282 million registered users [2] - Revenue contributions by region were 60% from North America, 25% from Europe, and 11% from Asia and others, with year-over-year growth of 15%, 17%, and 10% respectively; Latin America contributed 4% but saw a 2% decline [6] Cash Flow and Balance Sheet - Wix's cash and cash equivalents increased to $660.9 million from $439.4 million as of September 30, 2024; cash flow from operations was $497.4 million, up from $248.2 million year over year [8] - Free cash flow for the quarter was reported at $478.1 million [10] Future Outlook - For Q1 2025, Wix expects revenues between $469 million and $473 million, indicating a growth of 12-13% year over year; for the full year 2025, revenues are anticipated to grow 12-14% to a range of $1.97-$2 billion [12] - Free cash flow for 2025 is estimated to be between $590-$610 million, representing 30-31% of revenues [12] - The company acknowledges potential headwinds from a stronger U.S. dollar but expects minimal impact on free cash flow due to cost efficiencies [11]

Core Insights - Wix.com reported fiscal Q4 2024 revenue of $460.46 million, a 14% year-over-year increase, slightly missing analyst expectations of $461.75 million. Adjusted EPS was $1.93, surpassing the consensus estimate of $1.59 [1] - Creative Subscription revenue rose 11% year-over-year to $329.7 million, with bookings increasing 15% to $325.2 million. Annual recurring revenue (ARR) for Creative Subscriptions reached $1.34 billion, up 13% year-over-year [1] - Partners revenue grew 29% year-over-year to $168.1 million, while Business Solutions revenue increased 21% to $130.7 million, with bookings jumping 25% to $139.4 million [2] Financial Performance - The adjusted gross margin remained stable at 70%. Operating cash flow for the quarter was $133.74 million, with cash and equivalents totaling $999.53 million as of the end of December [2] - Wix.com expects fiscal 2025 revenue between $1.970 billion and $2.000 billion, compared to a consensus of $2.018 billion. Projected bookings for 2025 are between $2.025 billion and $2.060 billion [4] Strategic Developments - The company introduced innovative AI solutions in 2024, including a new generation AI Website Builder and enhancements to the Studio platform, such as AI visual sitemap and wireframe generator [3] - Two transformative products are planned for launch in spring and early fall 2025, aimed at expanding the Self Creator experience [3] Market Outlook - Wix.com stock surged 82% over the past 12 months, with analysts noting the company is gaining market share, supported by product improvements and potential advantages from competitive challenges faced by rivals like WordPress [5] - The stock traded higher by 6.51% at $242.60 in premarket trading following the earnings report [5]

Core Insights - Wix.com reported a strong earnings beat for Q4 2024 with adjusted EPS of $1.93, surpassing the consensus estimate of $1.59, while revenue of $460.5 million slightly missed the forecast of $461 million [1][3] - The company achieved a 14% year-over-year revenue growth, indicating robust performance despite the revenue miss [2][3] Financial Performance - Adjusted EPS for Q4 2024 was $1.93, a 58% increase from $1.22 in Q4 2023 [3] - Revenue for Q4 2024 was $460.5 million, up from $403.8 million in Q4 2023, reflecting a 14% increase [3] - Free cash flow reached $131.8 million, a significant rise of 64% from $80.4 million in Q4 2023 [3][6] - Adjusted gross margin improved to 70%, up from 69% year-over-year [3][6] Business Overview - Wix.com is a cloud-based web development platform that enables users to create websites, focusing on AI for product enhancements and international market expansion [4][5] - The company has diversified its offerings with AI-driven solutions, contributing to user engagement and conversion rates [5] User Growth and Market Expansion - Registered users exceeded 282 million by year-end, with premium subscriptions reaching 6.2 million, supporting revenue growth through conversion of free users [8] - 40% of revenue is now generated from non-U.S. currencies, highlighting successful international market penetration [7] Strategic Initiatives - Wix completed a $200 million share repurchase plan in January, totaling $725 million in buybacks since August 2023, with more expected in 2025 [9] - Management projects Q1 2025 revenue between $469 million to $473 million and full-year 2025 revenue between $1.97 billion to $2.0 billion, indicating a 12% to 14% growth outlook [10]

Wix.com (WIX) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.88%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $1.44 per share when it actually produced earnings of $1.50, delivering a surprise of 4.17%.Over the last four quar ...

Core Insights - Wix.com Ltd. reported strong financial results for Q4 and FY 2024, with significant growth in bookings and revenue, and is on track to achieve Rule of 45 in 2025 [1][4][14] Financial Performance - Q4 2024 bookings reached $465 million, an 18% increase year-over-year (y/y), while revenue was $460 million, up 14% y/y [4][5] - For the full year 2024, total revenue was $1.761 billion, reflecting a 13% y/y growth, with Creative Subscriptions revenue at $1.265 billion, up 10% y/y [10][6] - Free cash flow (FCF) nearly doubled in 2024 compared to the previous year, achieving a Q4 FCF margin of 29% and a full-year margin of 28% [4][10] Product and Innovation - The company introduced innovative AI solutions, including a new generation AI Website Builder and enhancements to the Studio platform, which are expected to drive future growth [2][17] - Wix anticipates that the launch of two transformative products in 2025 will significantly enhance the Self Creator experience and contribute to double-digit growth [2][11] Market Dynamics - The company experienced strong momentum in key product areas, particularly in Studio, AI, and commerce, alongside a stable operating cost base [4][17] - Partners revenue grew by 30% y/y in FY 2024, indicating robust performance in the agency and freelancer segment [4][10] Future Outlook - Wix expects bookings for FY 2025 to be between $2.025 billion and $2.060 billion, representing an 11-13% growth, with revenue projected between $1.970 billion and $2.000 billion, a 12-14% increase [13][12] - The company is incorporating minimal contributions from new products into its 2025 forecast, focusing instead on existing growth initiatives [11][12]

Wix.com Ltd. (WIX) is scheduled to release fourth-quarter 2024 results on Feb. 19, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company expects fourth-quarter revenues to be between $457 million and $464 million, implying 13-15% growth from the prior-year quarter's reported figure. The Zacks Consensus Estimate is pegged at $461.3 million, indicating an increase of 14.3% from a year ago.The Zacks Consensus Estimate for earnings is pegged at $1.61 per share, ...

The upcoming report from Wix.com (WIX) is expected to reveal quarterly earnings of $1.61 per share, indicating an increase of 32% compared to the year-ago period. Analysts forecast revenues of $461.34 million, representing an increase of 14.3% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings disclosu ...

In the latest market close, Wix.com (WIX) reached $238.89, with a -1.44% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.51% for the day. Meanwhile, the Dow lost 0.75%, and the Nasdaq, a tech-heavy index, lost 0.28%.The cloud-based web development company's shares have seen an increase of 11.94% over the last month, surpassing the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87%.The investment community will be paying clo ...

Wix.com Ltd. (WIX) has unveiled Business Launcher, an artificial intelligence (AI)-driven tool designed to help users transform new business ideas into reality, from concept to execution. The tool is available in English with free access, alongside optional premium upgrades.The tool analyzes users' skills, experience and goals to generate personalized business ideas with just a few questions or by uploading a resume. It provides detailed insights, including market potential, search engine optimization (SEO) ...

Wix.com (WIX) closed at $242.39 in the latest trading session, marking a +0.1% move from the prior day. This move lagged the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.25%.The cloud-based web development company's shares have seen an increase of 12.86% over the last month, surpassing the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24%.The upcoming earnings release of Wix.com will be of great interest to investors ...