Workflow
Wix(WIX)
icon
Search documents
Wix(WIX) - 2023 Q1 - Earnings Call Presentation
2023-05-17 15:22
Color IMAGE COLORS Company Overview First Quarter 2023 // not + Edit Grid Choose a layout WiX 8 10 100 Safe Harbor . Non-GAAP Financial Measures and Key Operating Metrics To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant currency basis, revenue on a constant currency basis, non-GAAP gross margin, non-GAAP operating income (loss), n ...
Wix(WIX) - 2023 Q1 - Earnings Call Transcript
2023-05-17 15:21
Wix.com Ltd. (NASDAQ:WIX) Q1 2023 Earnings Conference Call May 17, 2023 8:30 AM ET Company Participants Rona Davis - Head PR & Communications Avishai Abrahami - Chief Executive Officer and Co-Founder Nir Zohar - President and Chief Operating Officer Lior Shemesh - Chief Financial Officer Conference Call Participants Ygal Arounian - Citigroup Aaron Kessler - Raymond James Mark Mahaney - Evercore ISI Elizabeth Porter - Morgan Stanley Clarke Jeffries - Piper Sandler Trevor Young - Barclays Brent Thill - Jeffer ...
Wix(WIX) - 2023 Q1 - Quarterly Report
2023-05-16 16:00
Exhibit 99.1 Wix Reports First Quarter 2023 Results NEW YORK, May 17, 2023 -- Wix.com Ltd. (Nasdaq: WIX) today reported financial results for the first quarter of 2023. In addition, the Company provided outlook for the second quarter and updated outlook for full year 2023. Please visit the Wix Investor Relations website at https://investors.wix.com/ to view the Q1'23 Shareholder Update and other materials. "Wix was founded over 15 years ago to bring simplicity to people who wanted to use the internet and we ...
Wix(WIX) - 2022 Q4 - Annual Report
2023-03-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...
Wix(WIX) - 2022 Q4 - Earnings Call Transcript
2023-02-22 17:26
Wix.com Ltd. (NASDAQ:WIX) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants Emily Liu – Investor Relations Avishai Abrahami – Chief Executive Officer and Co-Founder Nir Zohar – President and Chief Operating Officer Lior Shemesh – Chief Financial Officer Conference Call Participants Matthew Pfau – William Blair Mark Mahaney – Evercore ISI Elizabeth Porter – Morgan Stanley Brad Erickson – RBC Capital Markets Ygal Arounian – Citi Andrew Boone – JMP Securities John Byun – Jeffe ...
Wix(WIX) - 2022 Q4 - Earnings Call Presentation
2023-02-22 12:57
Fourth Quarter & Full Year 2022 Company Overview 7 11 � Color Them 0 CONTACT MAGE COLORS c s ® JOCATIONS SHOP to � ny Tent Of The 0 wur to Siendly Ourling retting Industry. c 140 90 WiX cope Q 80 82 Q3 00 Safe Harbor Non-GAAP Financial Measures and Key Operating Metrics To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant currency bas ...
Wix(WIX) - 2022 Q4 - Annual Report
2023-02-21 16:00
Exhibit 99.1 Wix Reports Fourth Quarter and Full Year 2022 Results NEW YORK, February 22, 2023 -- Wix.com Ltd. (Nasdaq: WIX) today reported financial results for the fourth quarter and full year ended December 31, 2022. In addition, the Company provided its initial outlook for the first quarter and full year 2023. Please visit the Wix Investor Relations website at https://investors.wix.com/ to view the Q4'22 Shareholder Update and other materials. "In the face of a dynamic macroeconomic environment this yea ...
Wix(WIX) - 2022 Q3 - Earnings Call Presentation
2022-11-10 18:06
Company Overview Third Quarter 2022 Home 0 0 0 + 8 & 日 WiX Safe Harbor Non-GAAP Financial Measures and Key Operating Metrics To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the following non-GAAP financial measures: bookings, cumulative cohort bookings, bookings on a constant currency basis, revenue on a constant currency basis, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP net income ...
Wix(WIX) - 2022 Q3 - Earnings Call Transcript
2022-11-10 16:37
Financial Data and Key Metrics Changes - Revenues in Q3 were $346 million, representing an 8% year-over-year growth, and on a constant currency basis, revenues were $351 million, or 10% growth year-over-year [8][26] - Non-GAAP gross profit grew more than 10% year-over-year, resulting in a non-GAAP gross margin of 63% [10] - Positive free cash flow was reported, excluding the investment in the new headquarters, amounting to $4.6 million in Q3 [25] Business Line Data and Key Metrics Changes - Transaction revenue, primarily from Wix Payments, was $36 million in Q3, reflecting a 12% year-over-year growth [27] - Partners revenue grew to $86.9 million, or 24% year-over-year, with a 26% growth on a constant currency basis [28] - Total bookings in Q3 were $352.5 million, with a year-over-year constant currency basis of $366.5 million [29] Market Data and Key Metrics Changes - User additions in Q3 were 4.7 million, reflecting the current demand environment [18] - The company adjusted marketing spend to focus on higher-intent users, resulting in a slight headwind to new user additions in Q3 [18] Company Strategy and Development Direction - The company aims to build a leading platform for creating and managing an online presence for self-creators, professionals, and developers [11] - New products like Wix Blocks and a new eCommerce vision were introduced to enhance offerings for professionals [14][15] - The company is focused on operational efficiencies and cost reduction, with plans to continue optimizing overhead costs [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic uncertainty but emphasized strong business fundamentals and execution [8][10] - The company expects to achieve free cash flow margin targets outlined in their three-year plan [11][37] - Management remains optimistic about the strength of their B2B pipeline despite current economic challenges [32] Other Important Information - The company has implemented a cost reduction plan, resulting in improved margins and free cash flow [10][24] - The new headquarters in Tel Aviv is expected to deliver operational efficiencies [20] Q&A Session Summary Question: What are the biggest opportunities for cost savings? - Management believes the cost reductions made will meet the targets set during the Analyst Day, adjusting costs based on macroeconomic conditions [41][42] Question: How is demand from partners versus self-creators? - Demand from partners is still healthy, but there has been a decline compared to previous year's growth due to economic conditions [48] Question: Can you discuss the competitive landscape? - The competitive landscape has seen a slowdown, but the company is performing better than most competitors and is positioned to gain market share [62] Question: What is the impact of pricing changes on revenue growth? - The pricing changes have had a positive impact, with expectations of higher average revenue per subscription [69][74] Question: How is the company addressing the slowdown in international markets? - The company is aware of the slowdown in regions like LatAm and Asia and is strategizing to regain momentum [75] Question: What are the expectations for free cash flow in 2023? - The company is committed to achieving the free cash flow margin targets set in their three-year plan [37][78]
Wix(WIX) - 2022 Q3 - Quarterly Report
2022-11-09 16:00
Exhibit 99.1 Wix Reports Third Quarter 2022 Results NEW YORK, November 10, 2022 -- Wix.com Ltd. (Nasdaq: WIX) today reported financial results for the third quarter ended September 30, 2022. In addition, the Company provided its initial outlook for the fourth quarter. Please visit the Wix Investor Relations website at https://investors.wix.com/ to view the Q3'22 Shareholder Update and other materials. "Wix continues to be the preferred platform for millions globally. Demand for building, maintaining, and gr ...