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Group 1 - Wix.com Ltd.'s stock has surged by over 130% since February 2023, indicating strong performance [1] - Despite the impressive returns, Wix remains relatively under-discussed among analysts and media [1] Group 2 - The analysis does not provide financial advice and encourages consultation with a registered financial advisor before making investment decisions [2][3]

Wix.com Ltd. (Wix) Q4 2024 Earnings Conference Call February 19, 2025 8:30 AM ET Company Participants Emily Liu - IR Avishai Abrahami - CEO and Co-Founder Nir Zohar - President and COO Lior Shemesh - CFO Conference Call Participants Ygal Arounian - Citigroup Elizabeth Porter - Morgan Stanley Deepak Mathivanan - Cantor Fitzgerald Josh Beck - Raymond James Andrew Boone - Citizens JMP Securities Operator Good day, and thank you for standing by. Welcome to the Wix Fourth Quarter and Full Year Earnings Conferenc ...

Core Insights - Wix.com reported revenue of $460.46 million for the quarter ended December 2024, reflecting a 14% increase year-over-year, with EPS at $1.93 compared to $1.22 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate by 0.19%, while the EPS exceeded the consensus estimate by 19.88% [1] Financial Performance Metrics - Total Bookings reached $464.59 million, slightly above the average estimate of $464.16 million [4] - Creative Subscriptions ARR was reported at $1.34 billion, marginally higher than the estimated $1.33 billion [4] - The number of registered users at the end of the period was 282 million, surpassing the average estimate of 280.77 million [4] - Total Bookings for Business Solutions amounted to $139.39 million, exceeding the average estimate of $129.58 million [4] - Total Bookings for Creative Subscriptions were $325.20 million, below the average estimate of $336.07 million [4] - Revenues from Business Solutions were $130.72 million, slightly below the average estimate of $131.70 million, representing a year-over-year increase of 21.5% [4] - Revenues from Creative Subscriptions were $329.73 million, in line with the average estimate of $329.61 million, showing an 11.3% year-over-year increase [4] - Non-GAAP Gross Profit for Business Solutions was $41.41 million, below the average estimate of $42.51 million [4] - Non-GAAP Gross Profit for Creative Subscriptions was $279.54 million, slightly above the average estimate of $278.20 million [4] Stock Performance - Wix.com shares have returned -4.4% over the past month, contrasting with the Zacks S&P 500 composite's +4.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Company Overview Fourth Quarter and Full Year 2024 1 Safe Harbor Forward Looking Statements This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may include projections regarding our future performance, including, but not limited to revenue, bookings and free cash flow, and may be identified by words like "anticipate," "assume," "believe ...

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 ...

Capping off a year of sustained growth acceleration and stronger than expected FCF generation – surpassing Rule of 40 in 2024 and on track to achieve Rule of 45 in 2025 Culminated a year of accelerated growth and innovation with Q4 bookings of $465 million, up 18% y/y, and Q4 revenue of $460 million, up 14% y/y Steady growth acceleration in Self Creators coupled with continued strength in high-growth Partners, demonstrated by Partners revenue growth of 30% y/y in FY2024Strong momentum across key product foc ...