Wix(WIX) - 2024 Q1 - Quarterly Report

Exhibit 99.1 Wix Reports First Quarter 2024 Results • Strong start to year with total bookings of $457.3 million, up 10% y/y driven by reacceleration of Creative Subscriptions growth • Total revenue of $419.8 million exceeded expectations, up 12% y/y driven by continued momentum in the Partners business – reflecting market share gains and stronger than anticipated Wix Studio uptake • Robust top-line growth coupled with stable optimized cost structure drove record FCF margin of 26% in the most recent quarter ...