Wix(US:WIX)2025-08-06 13:20Revenue Performance - Total revenue for Q2 2025 was $489.9 million, representing a 12% year-over-year increase[8]. - Creative Subscriptions revenue in Q2 2025 was $345.5 million, up 11% year-over-year, with ARR increasing to $1.407 billion, a 10% year-over-year growth[8]. - Business Solutions revenue in Q2 2025 was $144.5 million, reflecting a 17% year-over-year increase, with transaction revenue at $63.6 million, up 18% year-over-year[8]. - Total revenues for the first half of 2025 amounted to $963,581,000, a rise from $855,522,000 in the same period of 2024, reflecting a growth of 12.6%[26]. - Total revenues for Q2 2025 reached $489,930,000, compared to $435,746,000 in Q2 2024, marking a 12% year-over-year growth[34]. Profitability Metrics - Gross profit for Q2 2025 was $336,590,000, compared to $294,072,000 in Q2 2024, indicating a year-over-year increase of 14.4%[26]. - Operating income for the first half of 2025 was $81,711,000, significantly higher than $38,275,000 in the first half of 2024, showing a growth of 113.5%[26]. - Net income for Q2 2025 was $57,703,000, up from $39,518,000 in Q2 2024, which is an increase of 45.9%[26]. - Basic net income per share for Q2 2025 was $1.03, compared to $0.71 in Q2 2024, reflecting a growth of 45.1%[26]. - Non-GAAP gross profit for the same period was $340,893,000, reflecting a non-GAAP gross margin of 70%, up from 68% year-over-year[43]. - Operating income for the three months ended June 30, 2025, was $44,306,000, compared to $28,605,000 in the prior year, representing a growth of 55%[44]. - Non-GAAP operating income increased to $110,153,000 for the three months ended June 30, 2025, with a non-GAAP operating margin of 22%, up from 21% in 2024[44]. - Net income for the three months ended June 30, 2025, was $57,703,000, a 46% increase from $39,518,000 in the same quarter of 2024[46]. - Non-GAAP net income for the three months ended June 30, 2025, reached $136,247,000, compared to $99,617,000 in the prior year, marking a 37% increase[46]. Cash Flow and Financial Outlook - Free cash flow for 2025 is projected to be $595 - $610 million, or 30-31% of revenue[13]. - Free Cash Flow for Q2 2025 was $147,665,000, compared to $112,834,000 in Q2 2024, showing a 31% increase[34]. - Full year bookings outlook has been raised to $2,040 - $2,075 million, indicating an 11-13% year-over-year growth[11]. - Full year revenue outlook updated to $1,975 - $2,000 million, reflecting a 12-14% year-over-year growth[12]. Employee and Operational Metrics - Total employee count at the end of Q2 2025 was 5,326[8]. - The company reported a year-over-year growth of 10% in bookings excluding foreign exchange impact for Q2 2025[39]. - The acquisition of Base44 is expected to drive ARR from a few million in June to $40 to $50 million by the end of 2025, aiming for a $100 million ARR milestone[4]. Balance Sheet Highlights - Total assets as of June 30, 2025, were $1,996,037,000, an increase from $1,913,042,000 as of December 31, 2024[28]. - Total liabilities increased to $2,113,700,000 as of June 30, 2025, compared to $1,991,828,000 at the end of 2024[29]. - The company reported a deferred revenue of $715,705,000 as of June 30, 2025, up from $661,171,000 at the end of 2024, indicating a growth of 8.2%[28]. - The increase in liabilities for the six months ended June 30, 2025, was $77,323,000, compared to $14,024,000 in the previous year[31]. - Cash, cash equivalents, and restricted cash at the end of the period totaled $704,142,000, compared to $276,067,000 at the end of Q2 2024[32]. - Net cash used in investing activities was $14,119,000 for the six months ended June 30, 2025, compared to $132,302,000 for the same period in 2024[32].