Wix(US:WIX) The Motley Foolยท2025-02-19 13:37Core 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]