The new AI Site-Chat improves how website visitors interact with businesses’ sites, ultimately increasing customer engagement and streamlining support NEW YORK – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, today announced the launch of the AI Site-Chat - designed to serve as a virtual agent for customers. With the AI Site-Chat, businesses can connect with visitors 24/7, answer their questions, and provide relevant information in real time, even when business owners are u ...

Core Insights - Wix.com Ltd. has launched the first-ever web design asset collection featuring the Pantone Color of the Year 2025, PANTONE 17-1230 Mocha Mousse, available exclusively on Wix Studio [1][4] - The collaboration with Pantone aims to empower web designers by providing customizable assets that reflect upcoming design trends for 2025 [2][3] Group 1: Product Offering - The limited-edition web capsule includes a variety of design assets such as 3D transparent videos, text marquees, video boxes, and interactive buttons, designed to enhance web design projects [3][4] - The collection is tailored for both creative momentum and customization, allowing designers to create immersive and responsive websites [2][3] Group 2: Strategic Collaboration - The partnership between Wix Studio and Pantone emphasizes the importance of color in digital design, with Pantone's expertise in color communication enhancing Wix's offerings [3][6] - This collaboration is positioned to set a new standard in web design, enabling designers to craft high-end sites that align with future trends [3][6] Group 3: Company Background - Wix is recognized as a leading SaaS website builder platform, providing tools for users to create and manage their digital presence since its founding in 2006 [6][8] - Pantone serves as a global authority on color, offering products and services that assist designers in achieving color consistency across various industries [7][8]

I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.I last wrote about Wix (NASDAQ: WIX ) in August, where I reiterated my “buy” rating with a price target of $200. Since then, the stock has climbed close to 30% and, with the latestAmrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is ...

Shares of website building platform Wix.com (WIX 14.16%) jumped on Wednesday after the Israeli company reported financial results for the third quarter of 2024. As of 10:50 a.m. ET, Wix stock was up nearly 14% and topped $200 per share for the first time since late 2021.Wix had a beat-and-raise quarterIn Q3, Wix generated more revenue than analysts had expected as well as higher profits. It turns out that the company's generative artificial intelligence (AI) is helping onboard more customers to create websi ...

For the quarter ended September 2024, Wix.com (WIX) reported revenue of $444.67 million, up 12.9% over the same period last year. EPS came in at $1.50, compared to $1.10 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $443.64 million, representing a surprise of +0.23%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $1.44.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Core Viewpoint - Wix.com reported quarterly earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of $1.44 per share, and showing an increase from $1.10 per share a year ago, indicating a strong performance in the cloud-based web development sector [1][2]. Financial Performance - The company achieved revenues of $444.67 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.23% and up from $393.84 million year-over-year [2]. - Over the last four quarters, Wix.com has consistently exceeded consensus EPS estimates and revenue expectations [2]. Stock Performance - Wix.com shares have increased approximately 49.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.1% [4]. - The current consensus EPS estimate for the upcoming quarter is $1.52, with projected revenues of $456.64 million, and for the current fiscal year, the EPS estimate is $5.85 on revenues of $1.76 billion [8]. Industry Outlook - The Computers - IT Services industry, to which Wix.com belongs, is currently ranked in the top 19% of over 250 Zacks industries, suggesting a favorable environment for stock performance [9]. - The correlation between near-term stock movements and earnings estimate revisions is noted, indicating that investors should monitor these revisions closely [6].

Exhibit 99.1 Wix Reports Third Quarter 2024 Results Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18% NEW YORK, November 20, 2024 -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform , today reported financial results for the third quarter of 2024. In addition, the Company provided its outlook for the fourth quarter and an updated outlook for full year 2024. Please visit ...

Core Insights - Wix.com Ltd. reported strong financial performance in Q3 2024, with total bookings of $449.8 million, reflecting a 16% year-over-year growth, driven by Studio momentum, AI benefits, and robust commerce activity [1][2] - The company expects to exit 2024 with year-over-year bookings growth of 18%, raising its full-year bookings, revenue, and free cash flow guidance [1][4][7] - Free cash flow margin expanded to approximately 29%, indicating strong operational leverage and bookings strength [1][3] Financial Performance - Total revenue for Q3 2024 reached $444.7 million, up 13% year-over-year, with Creative Subscriptions revenue at $318.8 million (up 10% y/y) and Business Solutions revenue at $125.8 million (up 22% y/y) [2][3][26] - Non-GAAP net income for Q3 2024 was $89.3 million, translating to $1.62 per basic share, while GAAP net income was $26.8 million, or $0.49 per basic share [3][21] - Creative Subscriptions Annualized Recurring Revenue (ARR) increased to $1.31 billion, up 11% year-over-year [2][26] Growth Drivers - The company highlighted the success of its Studio product, with 75% of new Partner bookings coming from Studio accounts, indicating strong adoption among agencies [2] - AI innovations, particularly the AI-powered user onboarding tool, demonstrated a 13% uplift in conversion rates for the Self Creator cohort [1][2] - Wix anticipates further growth acceleration and margin expansion in 2025, supported by ongoing product innovations and a stable operating cost structure [8][10] Updated Guidance - Wix raised its full-year bookings outlook to $1,822 - $1,832 million, reflecting 14-15% year-over-year growth, compared to previous guidance of $1,802 - $1,822 million [4] - The updated revenue outlook for the full year is now $1,757 - $1,764 million, maintaining a 13% year-over-year growth expectation [5][6] - The company expects Q4 2024 revenue to be between $457 - $464 million, representing 13-15% year-over-year growth [6]

The new offering generates dynamic and custom visual sitemaps and wireframe options, providing  more efficient ways for agencies to plan, structure, and build their websites NEW YORK – – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, announced today the launch of its AI-powered visual sitemap and wireframe generator tool for Wix Studio. The new offering allows agencies and enterprises to accelerate site planning with a fully-native, AI-powered visual sitemap tool that can s ...

In its upcoming report, Wix.com (WIX) is predicted by Wall Street analysts to post quarterly earnings of $1.44 per share, reflecting an increase of 30.9% compared to the same period last year. Revenues are forecasted to be $443.27 million, representing a year-over-year increase of 12.6%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.A ...