Wix Q4 Earnings: EPS Beat, Issues Strong 2025 Outlook With Two Products Launch

Core Insights - Wix.com reported fiscal Q4 2024 revenue of $460.46 million, a 14% year-over-year increase, slightly missing analyst expectations of$ 461.75 million. Adjusted EPS was $1.93, surpassing the consensus estimate of$ 1.59 [1] - Creative Subscription revenue rose 11% year-over-year to $329.7 million, with bookings increasing 15% to$ 325.2 million. Annual recurring revenue (ARR) for Creative Subscriptions reached $1.34 billion, up 13% year-over-year [1] - Partners revenue grew 29% year-over-year to$ 168.1 million, while Business Solutions revenue increased 21% to $130.7 million, with bookings jumping 25% to$ 139.4 million [2] Financial Performance - The adjusted gross margin remained stable at 70%. Operating cash flow for the quarter was $133.74 million, with cash and equivalents totaling$ 999.53 million as of the end of December [2] - Wix.com expects fiscal 2025 revenue between $1.970 billion and$ 2.000 billion, compared to a consensus of $2.018 billion. Projected bookings for 2025 are between$ 2.025 billion and $2.060 billion [4] Strategic Developments - The company introduced innovative AI solutions in 2024, including a new generation AI Website Builder and enhancements to the Studio platform, such as AI visual sitemap and wireframe generator [3] - Two transformative products are planned for launch in spring and early fall 2025, aimed at expanding the Self Creator experience [3] Market Outlook - Wix.com stock surged 82% over the past 12 months, with analysts noting the company is gaining market share, supported by product improvements and potential advantages from competitive challenges faced by rivals like WordPress [5] - The stock traded higher by 6.51% at$ 242.60 in premarket trading following the earnings report [5]