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 ...

Business Launcher - starting page The Business Launcher simplifies the entrepreneurial journey by offering a personalized, end-to-end solution that translates users' skills and experiences into viable business ventures. Business Launcher Chat Users begin by answering a few questions about their background, or by uploading their resume, and then are asked about their goals—whether they’re aiming for a side hustle, exploring a new career path, or planning a full-time business—creating a foundation for ...

Core Viewpoint - Wix.com Ltd. is set to report its fourth quarter and full year 2024 financial results on February 19, 2025, before market opening, followed by a conference call to discuss these results [1][2]. Company Overview - Wix is recognized as the leading SaaS website builder platform globally, enabling users to create, manage, and grow their digital presence [3]. - Since its inception in 2006, Wix has evolved from a simple website builder to a comprehensive platform offering enterprise-grade performance, security, and a reliable infrastructure [3]. - The platform provides a variety of commerce and business solutions, advanced SEO, and marketing tools, allowing users to maintain full ownership of their brand, data, and customer relationships [3]. - Wix emphasizes continuous innovation and the delivery of new features and products to help users build a powerful digital presence [3].

Wix's New Integration with YouTube Shopping - Wix has introduced a new integration with YouTube Shopping, enabling merchants to sell products directly on YouTube through a dedicated store format on their profiles [1] - Merchants can tag products in YouTube videos, live streams, and shorts, enhancing visibility and engagement, with products appearing on the YouTube store tab for easy purchase [2] - The integration allows automatic syncing of product details like descriptions and images between platforms, while merchants gain insights into shopping behavior via YouTube's analytics [2] - Merchants can manage YouTube Shopping through the Wix dashboard, leveraging features like product tagging and drops, with Wix handling backend processes such as inventory management and checkout [3] Wix's E-Commerce and AI Strategy - Wix benefits from strong e-commerce growth, leveraging its cloud-based platform to meet evolving merchant needs as social media, cloud tech, mobile devices, and data analytics reshape the e-commerce landscape [5] - The global e-commerce market is estimated at $10.19 trillion for 2025 and is expected to reach $21.22 trillion by 2030, growing at a CAGR of 15.8% from 2025-2030 [5] - Wix has been focusing on generative AI, embedding 29 AI business assistants across its platform to improve operational efficiency and customer conversion rates [6] - On Dec 11, 2024, Wix launched AI Site-Chat, a virtual agent that helps businesses engage visitors 24/7, address queries, and provide real-time info, improving customer experience and boosting potential sales [6] Wix's Financial Performance and Outlook - Wix's healthy bookings growth is driven by heightened demand for Studio subscriptions, commerce activity, and AI solutions, with a significant portion of new partner bookings coming from Studio accounts [6] - The percentage of registered users using Wix Payments grew every quarter throughout 2021 and continued into Q3 2024 [6] - Management raised the 2024 outlook for bookings, revenues, and free cash flow, with revenues now expected to be $1,757-$1,764 million, up from the previous guidance of $1,747-$1,761 million [6] - Wix's stock price surged 86.4% in the past year, outperforming the industry's growth of 12.1% [7] Wix's Business Overview - Wix is a cloud-based web development platform headquartered in Tel Aviv, Israel, offering solutions for businesses, organizations, professionals, and individuals to develop customized websites and application platforms [4] Other Top-Ranked Technology Stocks - BlackBerry Limited (BB) has a Zacks Rank 1 (Strong Buy), with earnings beating estimates in each of the trailing four quarters, averaging a 131.25% surprise, and shares surging 72.7% in the past six months [10][11] - InterDigital, Inc (IDCC) also sports a Zacks Rank 1, with a long-term earnings growth rate of 15% and shares jumping 45.2% in the past six months [10][12] - Amazon.com, Inc (AMZN) carries a Zacks Rank 2 (Buy), with a long-term earnings growth rate of 28.2% and shares surging 49.3% in the past year [10][13]