WIX's first-quarter total revenues increased 12% year over year to $419.8 million and beat the Zacks Consensus Estimate of $417.7 million. Solid growth in bookings and revenues led to strong free cash flow performance. Free cash flow was $105.7 million compared with $25 million in the year-ago quarter. The Zacks Consensus Estimate for WIX's 2024 and 2025 revenues is pegged at $1.75 billion and $1.99 billion, respectively, which indicates growth of 12.2% and 13.3% from the year-ago levels. Growth Catalysts I ...

Create Rich, Powerful Apps with Wix Command-line Interface (CLI) Developers can now create rich, powerful apps using the tools and technologies they know and love. The Wix CLI offers a robust and flexible environment for building applications on the Wix platform. The Wix CLI supports a streamlined and efficient development process with TypeScript and React at the forefront for frontend development and Node.js powering back-end logic. The Wix CLI provides a comprehensive toolset, including the ability to use ...

Launched in 2023, the Wix Studio platform allows users to leverage the latest AI technology and develop advanced websites at scale. It boasts a newly designed development and creation editor with robust code capabilities and multi-site management workspaces. Wix Studio empowers users to enhance their designs while harnessing its comprehensive suite of business solutions, including eCommerce, Bookings, Events and more. It also provides users with access to new monetization opportunities, Wix is well-position ...

NEW YORK, June 24, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, announced today the launch of the Figma to Wix Studio plugin. that allows professionals to seamlessly export their Figma designs into the Wix Studio platform to create dynamic web experiences. Leveraging Wix Studio's built-in, robust native business solutions, AI and agency tools, designers, agencies and professionals can save valuable time and resources in the creation process. Learn mor ...

Will the recent negative trend continue leading up to its next earnings release, or is Wix.com due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wix reported non-GAAP earnings per share (EPS) of $1.29 for first-quarter 2024, which exceeded the Zacks Consensus Estimate of $1.03.The company recorded EPS of 91 cents in the year-ago quarter. At the end ...

Shares of this cloud-based web development company have returned +22.8% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Computers - IT Services industry, to which Wix.com belongs, has lost 0.3% over this period. Now the key question is: Where could the stock be headed in the near term? Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by t ...

The websites, fashioned using the AI Website Builder, are optimized with Wix's infrastructure which includes SEO, built-in marketing, security and CRM & analytic tools. WIX highlighted that the users have crafted "hundreds of thousands of sites" since the launch of AI Website Builder. Headquartered in Tel Aviv, Israel and founded in 2006, Wix is a cloud-based web development platform. The company's platform offers solutions enabling businesses, organizations, professionals and individuals to develop customi ...

NEW YORK, June 10, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, today announced its AI Website Builder is now available in different languages, giving users the ability to create websites in their preferred language. Wix users around the world can experience site creation like never before with AI. With the AI Website Builder, users are guided through a conversational AI chat experience where they describe their intent and goals with follow-up questio ...

Users retain complete ownership of their apps, allowing them to personalize their branding on platforms such as the App Store and Google Play. From designing app icons to personalizing layouts and other functionalities, it also allows users to get a quick preview of the app on their mobile device before making it available on the App Store and Google Play. This comprehensive support system ensures that users can focus on optimizing their native mobile app experience and effectively manage their businesses. ...

NEW YORK, June 4, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today issued its annual Environmental, Social, and Governance (ESG) Report. This report dives into the company's corporate responsibility efforts to deliver on its mission for its users, people, company, and the environment for 2023. The report highlights Wix's company values and strategic initiatives to support the company, users, and local co ...