Wix(US:WIX) ZACKS·2025-02-19 14:15Core Insights - Wix.com Ltd reported non-GAAP EPS of $1.93 for Q4 2024, surpassing the Zacks Consensus Estimate of $1.61 and up from $1.22 in the same quarter last year [1] - Quarterly revenues increased 14% year over year to $460.5 million, slightly missing the Zacks Consensus Estimate of $461.3 million; total revenues for 2024 reached $1.761 billion, a 13% increase [2] Financial Performance - Creative Subscriptions, accounting for 71.6% of total revenues, saw an 11% year-over-year increase to $329.7 million; Business Solutions revenues rose 21% to $130.7 million [4] - Bookings improved 18% year over year to $464.4 million, with Creative Subscriptions bookings increasing 15% to $325.2 million and Business Solutions bookings rising 25% to $139.4 million [5] - Non-GAAP gross margin remained flat at 70%, with Creative Subscriptions at 85% and Business Solutions at 32%; non-GAAP operating income was $100.5 million compared to $64.7 million in the previous year [7] User Growth and Regional Performance - As of December 31, 2024, Wix had 282 million registered users [2] - Revenue contributions by region were 60% from North America, 25% from Europe, and 11% from Asia and others, with year-over-year growth of 15%, 17%, and 10% respectively; Latin America contributed 4% but saw a 2% decline [6] Cash Flow and Balance Sheet - Wix's cash and cash equivalents increased to $660.9 million from $439.4 million as of September 30, 2024; cash flow from operations was $497.4 million, up from $248.2 million year over year [8] - Free cash flow for the quarter was reported at $478.1 million [10] Future Outlook - For Q1 2025, Wix expects revenues between $469 million and $473 million, indicating a growth of 12-13% year over year; for the full year 2025, revenues are anticipated to grow 12-14% to a range of $1.97-$2 billion [12] - Free cash flow for 2025 is estimated to be between $590-$610 million, representing 30-31% of revenues [12] - The company acknowledges potential headwinds from a stronger U.S. dollar but expects minimal impact on free cash flow due to cost efficiencies [11]