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Why Wix.com (WIX) is a Top Growth Stock for the Long-Term
ZACKS· 2025-03-26 14:45
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed ...
Wix(WIX) - 2024 Q4 - Annual Report
2025-03-21 10:37
Revenue Generation and Subscriptions - The company primarily generates revenue through premium subscriptions and additional business solutions, with a significant impact from attracting new registered users and retaining existing subscriptions [41]. - As of December 31, 2024, approximately 84% of premium subscriptions were yearly or multi-year packages, which help reduce renewal failure rates [42]. - The company aims to increase revenue from premium subscriptions by offering tailored business solutions and adjusting subscription pricing [43]. - The renewal rate of premium subscriptions is a key driver of overall revenue, with longer subscription periods leading to higher retention [42]. - The company’s ability to generate revenue from premium subscriptions is essential, as they comprise a majority of Creative Subscriptions Revenue [57]. Marketing and User Acquisition - Advertising expenses for 2024 were $175.6 million, representing 10% of total revenues, compared to $142.8 million (9%) in 2023 and $224.3 million (16%) in 2022 [51]. - The company aims to optimize marketing campaigns through search engine optimization, A/B testing, and historical user behavior analysis to enhance user acquisition [52]. - Maintaining and enhancing the company's brand is critical for expanding the user base and increasing revenue from premium subscriptions [45]. International Operations and Risks - The company faces risks related to international operations, including geopolitical factors and market conditions that could impact revenue generation [32]. - The company faces risks related to international operations, including compliance with foreign laws, contract enforcement, and data privacy regulations [58]. - The company discontinued commercial operations in Russia in March 2022 and restricted access for Russia-based users in 2024 due to sanctions related to the Ukraine conflict [64]. - The ongoing geopolitical tensions, particularly related to Russia and Ukraine, may lead to additional sanctions and economic measures that could adversely affect the global economy and the company's financial condition [181]. Financial Position and Assets - As of December 31, 2024, the company had liquid assets totaling $1.11 billion, comprised of $767.8 million in cash and cash equivalents and $344.7 million in marketable securities [79]. - The company sold $575 million in Convertible Senior Notes due 2025, all of which were outstanding as of December 31, 2024 [87]. - The company has an accumulated deficit of $901.5 million and anticipates increased research and development expenses to enhance its solutions [85]. Compliance and Regulatory Challenges - The company is exposed to risks associated with payment processing and regulatory compliance, particularly with its proprietary payment service, Wix Payments [66]. - The company is required to comply with trade and economic sanctions and export laws, with potential penalties for non-compliance, which could adversely affect its business operations [179]. - The company is subject to various data privacy laws across jurisdictions, including the CCPA, which may require operational changes and incur substantial costs [143]. - The introduction of NIS2 in January 2023 may require substantial modifications to cybersecurity practices, leading to increased compliance costs [133]. Cybersecurity and Data Privacy - Cybersecurity risks, including data breaches and unauthorized access, pose a threat to the company's reputation and financial results [124][129]. - The company relies heavily on third-party suppliers and service providers, making it vulnerable to cyberattacks that could disrupt operations [130]. - Company faces potential liabilities and increased costs due to data breaches, which could negatively impact business and financial performance [132]. - Increased user resistance to providing personal information due to privacy concerns could lead to loss of current or prospective users [147]. Competition and Market Position - The company is exposed to competitive pressures in the SaaS market, particularly from advancements in AI technologies [44]. - Increased competition from traditional web development firms and emerging AI solutions could impact the company's market position and operational results [116][117]. - The company may struggle to maintain compatibility with third-party applications, which could lead to a decline in demand for its solutions [120]. Research and Development - The company invests significantly in research and development, including AI initiatives, to enhance user experience and product offerings [101]. - The company may struggle to develop and introduce new products and services, particularly in the rapidly changing technology landscape [44]. - The company aims to diversify its customer base by targeting mid-size, large, and enterprise-level companies, which may present challenges due to longer sales cycles and integration delays [113]. Legal and Intellectual Property Issues - The company has faced claims of intellectual property infringement, which could lead to substantial expenses and management distraction [150]. - Litigation related to intellectual property claims may result in significant liabilities and disrupt business operations [151]. - The company relies on a combination of patent, trademark, copyright, and trade-secret laws to protect its intellectual property, but enforcement may be inadequate [154]. Shareholder and Market Dynamics - The company’s ordinary shares have experienced significant volatility, trading as high as $362.07 and as low as $14.28 since the IPO in November 2013 [194]. - The company may face a decline in share price if it fails to meet financial guidance or if actual results fall below investor expectations [198]. - The board of directors authorized a repurchase program of up to $200 million for ordinary shares and/or Convertible Notes, which was fully completed by January 21, 2025 [199]. Employee and Operational Challenges - The company faces challenges in attracting and retaining skilled research and development professionals due to competitive hiring environments, which could adversely affect business operations [108]. - The ongoing war in Ukraine has affected the company's ability to retain its Ukrainian team members, impacting its operations [107]. - The ongoing conflict in Israel could adversely affect the company's business and operations, with potential disruptions from military actions [214].
Wix Rolls Out Wix Functions to Simplify Business Logic Customization
ZACKS· 2025-03-20 15:40
Wix.com Ltd. (WIX) unveiled Wix Functions, a powerful no-code interface that empowers businesses to tailor their productions effortlessly. Designed with an intuitive visual function builder, Wix Functions enables users to define custom business logic, streamline workflows, and enhance automation without writing a single line of code. This innovation allows businesses to seamlessly implement dynamic pricing rules, enforce check-out conditions, and personalize loyalty rewards, ensuring their operations align ...
Wix Launches Wix Functions to Customize Business Logic Without Code
Newsfilter· 2025-03-19 13:00
Wix Functions empowers users to create customized business flows, automate pricing and checkout rules, and tailor app behavior NEW YORK – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today launched Wix Functions, a no-code interface that allows users to customize outcomes for various business scenarios, enabling businesses to operate more smoothly and effectively. With an intuitive visual function builder, businesses can define custom business logic, such as adding dynamic ...
Wix Unveils Automation Builder to Customize Business Workflows
ZACKS· 2025-03-13 14:16
Wix.com Ltd. (WIX) has launched its new automation builder, designed to streamline business workflows with an intuitive and fully customizable automation engine. This latest addition introduces a dynamic visual canvas, enabling users to map out and manage complex automation logic with precision. By offering data-driven customization, businesses can now create workflows tailored to their operational requirements, in turn improving customer retention and revenue growth.The new automation builder is now availa ...
WIX Slides 22% in a Month: How Should Investors Play the Stock?
ZACKS· 2025-03-12 13:55
Wix.com Ltd. (WIX) has witnessed a sharp decline of 22.3% in stock price in the past month, which is steeper than the 13.5%, 12.5% and 8.4% declines of the Computer IT Services Industry, broader Zacks Computer and Technology Sector and the S&P 500 Composite, respectively.Peers like Shopify (SHOP) , GoDaddy Inc. (GDDY) and BigCommerce Holdings, Inc. (BIGC) have also registered declines of 27.1%, 18.8%, and 12.9%, respectively, in the same time frame.Price PerformanceImage Source: Zacks Investment ResearchThe ...
Wix Launches New Automation Builder to Power Advanced Business Workflows
Newsfilter· 2025-03-12 13:00
The automation builder streamlines complex business logic into dynamic automated workflows with a visual canvas, flexible conditions, formulas, and full customization NEW YORK – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced its new automation builder, designed to support advanced business workflows with a highly intuitive, fully customizable automation engine. The automation builder introduces a dynamic visual canvas that allows users to map out and manage c ...
Wix Integrates Printful for Seamless Print-on-Demand Experience
ZACKS· 2025-03-04 16:05
Wix.com Ltd. (WIX) has announced a strategic integration with Printful, a leading print-on-demand company. This tie-up introduces a innovative experience for Wix and Wix Studio users, allowing them to seamlessly access Printful’s print-on-demand and dropshipping fulfillment services without leaving the Wix platform. Currently, the offering is available in English, with plans to expand language support soon.With this integration, Wix users can now create high-quality, customized product collections, opening ...
Wix Launches Native, Print-on-Demand Experience Powered by Printful
Newsfilter· 2025-03-03 14:00
Merchants, self-creators, and agencies using Wix can tap into Printful's fulfillment services to uniquely expand their brand with high-quality, custom products   NEW YORK – – Wix.com Ltd. (NASDAQ:WIX), the leading SaaS website builder platform globally1, today announced a native integration with Printful, one of the leading print-on-demand companies, to bring a native, out-of-the-box experience to Wix and Wix Studio users. With direct access to Printful's print-on-demand and dropshipping fulfillment service ...
Wix Launches Native, Print-on-Demand Experience Powered by Printful
Globenewswire· 2025-03-03 14:00
Wix launches a native, print-on-demand experience powered by Printful Wix launches a native, print-on-demand experience powered by Printful, empowering Wix and Wix Studio users to create their own high-quality, branded product collections without leaving Wix. Customize products without leaving Wix Users can can customize their merchandise with their unique art, graphics, and brand logos, and they can adjust or change the design on a product, all within the Wix platform. Products added to store ca ...