Wix.com (NasdaqGS:WIX) Q3 2025 Earnings Call November 19, 2025 08:30 AM ET Company ParticipantsJosh Beck - Managing DirectorAvishai Abrahami - CEONir Zohar - PresidentLior Shemesh - CFOMatt VanVliet - Managing Director and Equity ResearchEmily Liu - Head of Investor RelationsConference Call ParticipantsKen Wong - Managing Director and Senior AnalystYgal Arounian - Managing Director and Senior Equity Research AnalystAndrew Boone - Senior Equity AnalystTrevor Y. - Director and Equity Research AnalystOperatorG ...

Wix.com (NasdaqGS:WIX) Q3 2025 Earnings Call November 19, 2025 08:30 AM ET Speaker5Good day, and thank you for standing by. Welcome to Wix's third quarter 2025 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. Please note that today's confer ...

Market Trends - The Nasdaq has doubled over the past 15 years with each platform shift occurring approximately every five years, indicating alignment with historical trends [1] - Current evaluations are influenced by the AI sector, with significant opportunities for value creation, although not all companies will succeed [2][3] Investment Opportunities - The "Super Six" companies are identified as clear winners in the public markets, generating substantial cash flow [3] - Venture funding in Europe, Israel, and the US is projected to reach approximately $184 billion this year, with 60% allocated to major AI models like OpenAI and Tropic X [5] - Native applications in Europe are performing well, with $30 billion in funding compared to $45 billion in the US, showcasing Europe's ability to generate successful companies [6][7] Company Growth and Public Markets - Companies are expected to grow into annual recurring revenues of $500 to $700 million before going public, with the current private market providing sufficient capital for growth [12][13] - The trend of mergers and acquisitions (M&A) continues, particularly among native applications being acquired for their technology or talent [14][15] Global Market Dynamics - European and Israeli companies are leveraging local talent and engineering resources while targeting the US market for software sales, where half of all software spending occurs [18][19] - Access to capital is available on both sides of the Atlantic, allowing European companies to raise funds comparable to their US counterparts [19] Innovation and Future Potential - The current innovation curve in AI models is steep, with expectations for continued acceleration in productivity improvements over the next few years [20][22] - The enterprise sector has not yet reached its full adoption potential, suggesting significant room for growth and opportunities for companies to enhance productivity through technology [21][22]

Core Insights - The article presents a weekly roundup of the top 50 keywords related to AI developments, highlighting significant advancements and trends in the industry [2]. Group 1: Computing Power - Oracle is recognized for its development of the largest AI supercomputer [3]. Group 2: Chips - NVIDIA is noted for its advancements in domestic wafer production in the United States [3]. Group 3: Models - The Glyph framework has been developed by Tsinghua University and Zhiyu [3]. - Google's Gemini 3.0 model is highlighted as a significant development [3]. - DeepSeek has introduced the DeepSeek-OCR model [3]. - Baidu has launched the PaddleOCR-VL model [3]. Group 4: Applications - Google Skills is a new application introduced by Google [3]. - Sora has upgraded its Sora2 application [3]. - Kuaishou has developed a matrix of AI programming products [3]. - Hong Kong University of Science and Technology has released DreamOmni2 [3]. - ByteDance has launched Seed3D 1.0 [3]. - OpenAI has introduced ChatGPT Atlas [3]. - Claude has released a desktop version of its application [3]. - Google AI Studio has developed Vibe Coding [3]. - Tencent has launched the Hunyuan World Model 1.1 [3]. - Baichuan has introduced Baichuan-M2 Plus [3]. - Huawei has released HarmonyOS 6 [3]. - X platform has integrated Grok [4]. - Adobe has introduced AI Foundry [4]. - The AI avatar application has been developed by Hunyuan [4]. - Yuanbao has launched an AI recording pen [4]. - Vidu has released Vidu Q2 [4]. - Google has integrated Gemini with Maps [4]. - Anthropic has introduced Agent Skills [4]. - RTFM has been developed by Fei-Fei Li [4]. - Manus has released Manus 1.5 [4]. - Microsoft has announced a major update for Windows 11 [4]. - Kohler has launched the Dekoda smart toilet [4]. Group 5: Technology - Google has developed a quantum echo algorithm [4]. - Dexmal has introduced Dexbotic [4]. - Original Force has launched Bumi [4]. - Samsung has released Galaxy XR [4]. - Anthropic has developed a specialized Claude for biological sciences [4]. - Yushu has introduced a bionic humanoid robot [4]. - DeepMind has been working on a project related to artificial suns [4]. Group 6: Perspectives - Vercel is noted for the Kimi K2 replacement [4]. - a16z discusses the specialization of video models [4]. - Manus has introduced cognitive processes for agents [4]. - Jason Wei shares key thoughts on AI advancements [4]. - Harvard University discusses the invasion of AI in the workplace [4]. - Reddit presents the theory of the death of the internet [4]. - Karpathy addresses expectations management for AGI [4]. Group 7: Events - Meta has announced layoffs in its AI department [4]. - McKinsey reports on token consumption [4]. - nof1.ai has conducted experiments in Alpha Arena [4].

Core Viewpoint - Vibe Coding, a new AI programming approach, simplifies coding by allowing users to describe their needs in natural language, but it does not eliminate the complexities of software development and can lead to significant technical debt [1][4][18] Group 1: Vibe Coding Overview - Vibe Coding enables users to generate code by simply describing their ideas, making it popular among developers and businesses [1][3] - Many AI programming tools promote the idea of "one-sentence development," leading to misconceptions about the ease of software creation [3][4] Group 2: Limitations of Vibe Coding - Vibe Coding can create initial prototypes but lacks the capability to handle the full software development lifecycle, exposing the limitations of non-technical users [4][7] - The reliance on AI-generated code often results in increased technical debt, as developers must spend additional time fixing bugs and managing code quality [5][6] Group 3: Industry Impact - The rise of Vibe Coding has led to unrealistic expectations among business leaders, resulting in project timelines being drastically reduced without considering the complexities involved [5][12] - The perception that AI can replace basic programming roles has contributed to a wave of layoffs in the tech industry, particularly affecting junior developers [12][17] Group 4: Market Dynamics - Despite the hype, a significant portion of developers (72%) are not engaging in Vibe Coding, indicating that it is not yet a mainstream practice [15] - The promotion of Vibe Coding has been fueled by a combination of developer anxiety and marketing strategies that exaggerate its capabilities [13][16] Group 5: Future Outlook - While Vibe Coding has potential for simple applications, it is unlikely to become the dominant method for complex software development due to the need for human oversight and expertise [9][12] - The industry may need to recalibrate its expectations regarding the capabilities of AI in programming, recognizing that software development requires a deep understanding of business needs and quality standards [18]

Group 1 - The event is a 24-hour Vibe Coding hackathon organized by VibeFriends and SegmentFault, aiming to foster creativity and innovation in coding [1][3]. - A total of 33 teams will participate, with over 20 industry experts and 200 target users involved in the voting process to ensure the products developed are genuinely useful [4][6]. - Participants will receive various supports, including exposure on Xiaohongshu, mentorship from AI entrepreneurs and experts, and continuous supply of food and drinks [7][8]. Group 2 - Prizes include ¥10,000 for the first place, ¥5,000 for the second place, and ¥3,000 for the third place, along with smaller awards for community popularity [8]. - The hackathon encourages participants to explore creative solutions such as tools to save token consumption and automated task lists during development [4][6]. - The event is set to take place in Beijing on September 13, 2025, with a call for teams of 1-3 members to register [13].

Group 1 - The event is a 24-hour hackathon called Vibe Coding, co-hosted by VibeFriends and SegmentFault, aimed at optimizing Vibe Coding through user-driven product development [1][3]. - A total of 33 teams will participate, with over 20 industry experts and 200 target users involved in the voting process to ensure the products developed are genuinely useful [4][6]. - Participants will receive various supports, including model tokens valued at hundreds of yuan, exposure on Xiaohongshu, mentorship from AI entrepreneurs and experts, and continuous supply of food and drinks [7][8]. Group 2 - Awards include a first prize of ¥10,000, a second prize of ¥5,000, and a community popularity award of ¥3,000 for the third place, along with smaller prizes for other participants [8]. - The event is scheduled for September 13, 2025, in Beijing, with a call for teams of 1-3 members and 200 special observers [13]. - The event is supported by strategic partners such as Xiaohongshu and various technology partners, indicating a strong collaborative effort within the tech community [15][16].

Core Viewpoint - The forum titled "AI Open Source Era: Building Global Ecosystem and Sustainable Growth" will explore the core logic of the AI open-source ecosystem through various perspectives, highlighting the trends and practices in the field [1][5]. Group 1: Forum Overview - The forum will feature three keynote speeches that will analyze the global large model open-source ecosystem, community practices, and the competitive landscape of open-source models [1][2]. - Keynote speakers include Wang Xu from Ant Group, Chen Yingda from Modao Community, and Yang Pan from Silicon-based Flow, each providing insights into different aspects of the AI open-source landscape [1][6][10]. Group 2: Keynote Topics - Wang Xu will discuss the panoramic view and trends of the global large model open-source ecosystem, using community data as a reference for technical decision-making [1][6]. - Chen Yingda will share the construction experience behind over 90,000 quality models and how the "Model as a Service" (MaaS) concept drives the evolution of the open-source ecosystem [1][8]. - Yang Pan will analyze the competitive and collaborative dynamics of the global open-source model ecosystem, focusing on the transition from belief to confidence in technology [1][9]. Group 3: Roundtable Discussions - Following the keynotes, two roundtable discussions will focus on Vibe Coding and AI Agents, addressing real-world applications, potential issues, and future possibilities in human-machine collaboration [2][11]. - The discussions will feature practitioners and entrepreneurs from various organizations, including Ant Group and ByteDance, who will provide multi-dimensional insights into the evolution of AI coding products and the path towards AGI [2][13][15]. Group 4: Event Logistics - The forum will take place at the C2 Hall of the Expo Garden in Huangpu District, Shanghai, with a limited capacity of 350 professional audience seats [2][5]. - Registration for professional attendees is now open, inviting participants to engage in discussions and capture technological opportunities [2].

Core Viewpoint - The article emphasizes the transformative impact of AI on creative processes, particularly in video production, enabling creators to focus on creativity and efficiency rather than tedious tasks [1][4]. Group 1: Software and AI Integration - Vibe Coding aims to free developers from tedious coding tasks by leveraging AI, allowing them to focus on higher-level product iteration and creative exploration [1]. - Video Ocean represents a shift in video creation, allowing a single creator to handle all aspects of filmmaking, significantly reducing production time from weeks to minutes [2][10]. - The AI Video Agent can generate complete videos from simple prompts, showcasing a new paradigm in video creation that prioritizes efficiency and creativity [3][6]. Group 2: User Experience and Feedback - Global user feedback indicates a smooth generation process with practical functionalities, highlighting the ease of creating complete videos with minimal input [3][10]. - The interest in Video Ocean stems from its innovative interaction methods rather than just performance improvements, marking a significant shift in user engagement with AI tools [4][5]. Group 3: Creative Process and Automation - Video Ocean's design changes the collaborative creation model, focusing on delivering complete creative projects quickly rather than just faster individual outputs [5][12]. - The platform allows creators to input a single creative directive, with the AI handling everything from scriptwriting to video generation, thus transforming users into "creative directors" [8][17]. - The system is designed to learn and adapt to individual brand styles, enhancing the creative process by eliminating repetitive tasks [8][30]. Group 4: Commercial Applications - Video Ocean can efficiently produce professional-grade commercial videos, meeting diverse business needs with simple commands [11][12]. - The platform enhances content production efficiency by tenfold, enabling rapid responses to market trends and the creation of viral videos [10][11]. Group 5: Versatility and Accessibility - Video Ocean covers a wide range of visual creation needs, from short films to educational content, demonstrating its versatility [13][26]. - The platform is user-friendly, allowing even novices to create high-quality videos effortlessly, thus democratizing video production [25][30].

Group 1 - Vibe Coding's "InferNet" has completed its angel round financing, exclusively funded by Jin Qiu Fund, with Lan Song Capital serving as the exclusive financial advisor for this round and future financing [1] - The founding team consists of a 1999 founder and a 1997 CTO, whose previous project, NextChat (originally ChatGPT-Next-Web), gained 85.5k stars on GitHub, making it one of the most popular LLM open-source UIs [1][3] - NextChat is a lightweight, cross-platform open-source chat interface application that allows users to quickly set up private AI chat tools with a one-click deployment method on platforms like Vercel, with a client size of approximately 5 MB [1] Group 2 - "InferNet" focuses on three main functions: data-first approach by directly reading user data from Notion, Airtable, and Google Sheets; integrated solutions for login, payment, AI, and email; and end-to-end hosting where generated applications go live immediately [2] - The company aims to address data collaboration challenges by offering visual programming and intelligent data flow to eliminate cross-platform data silos, enabling tools like Bug Tracker, recruitment processes, and CRM to be built and launched quickly [2][3] - The team is positioned at the forefront of AI engineering, continuously focusing on data collaboration and planning to launch Vibe Coding technology to reconstruct data collaboration processes [3]