NEW YORK, May 28, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that it has completed $225 million in share repurchases, which were part of the authorization by its Board of Directors approved in August 2023. The Company repurchased 1,676,623 outstanding Wix ordinary shares, representing approximately 3% of total shares outstanding, at an approximate volume-weighted average price per share of $134.20. About Wix.com Ltd. Wix is the leading SaaS website builder platform globally1 to create, ...

Wix.com (WIX) is continuing its upward trajectory, with a gain of 123% in the past year compared with the S&P 500 Composite and sub-industry's growth of 28.6% and 46.3%, respectively. Headquartered in Tel Aviv, Israel, and founded in 2006, WIX is a cloud-based web development platform. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow their online presence. Solid financial performance has been driving a ...

At the end of Mar 31, 2024, registered users were 268 million. Quarter in Detail Wix.com Ltd (WIX) reported non-GAAP diluted earnings per share (EPS) of $1.29 for first-quarter 2024, which exceeded the Zacks Consensus Estimate of $1.03.The company had reported EPS of 91 cents in the year- ago quarter. Total revenues increased 12% year over year to $419.8 million and beat the Zacks Consensus Estimate of $417.7 million. Creative Subscriptions' revenues (75.6% of total revenues) increased 9% year over year to ...

In the first quarter, much could be said about the top and bottom lines for Wix. But I think the real story here that's exciting investors is the company's free cash flow. This profit metric looks at how much cash the business brings in and subtracts out cash operating expenses and cash used for buying things such as buildings or equipment. So it can be a good indicator of a business' health. The company's cash flow is blowing past expectations. Wix kicked off 2024 with first-quarter free cash flow over $10 ...

Wix.com Ltd. (NASDAQ:WIX) Q1 2024 Earnings Call Transcript May 20, 2024 8:30 AM ET Company Participants Emily Liu - IR Avishai Abrahami - CEO and Co-Founder Nir Zohar - President and COO Lior Shemesh - CFO Conference Call Participants Ygal Arounian - Citigroup Ken Wong - Oppenheimer Trevor Young - Barclays Andrew Boone - JMP Securities Josh Beck - Raymond James Operator Good day, and thank you for standing by. Welcome to Wix First Quarter 2024 Earnings Conference Call. At this time, all participants are in ...

For the quarter ended March 2024, Wix.com (WIX) reported revenue of $419.78 million, up 12.2% over the same period last year. EPS came in at $1.29, compared to $0.91 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $417.71 million, representing a surprise of +0.50%. The company delivered an EPS surprise of +25.24%, with the consensus EPS estimate being $1.03. Here is how Wix.com performed in the just reported quarter in terms of the metrics most widely monitored and ...

Wix earned $24 million, 41 cents per share fully diluted, on revenue of almost $420 million during the quarter. Israeli website creator Wix (NASDAQ:WIX) beat earnings estimates, sending WIX stock up 20%. WIX stock opened today at $150 per share, a market cap of over $8 billion. That means shares are now up 27% for 2024. Wix competes with Squarespace (NASDAQ:SQSP), Shopify (NASDAQ:SHOP) and WordPress, among others. Website Builder rates it 4.9 out of 5, praising its diverse set of features and intuitive edit ...

It is not too yet too late to build a position in Wix.com Ltd (NASDAQ: WIX), says Mark Zgutowicz – a Benchmark analyst. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Wix stock could climb further to $175 Copy link to section Wix stock is up 10% this morning after beating Street estimates in its fiscal first quarter. But shares of the website creator could extend their rally all the way up to $175, as per Zgutowicz. His price objective suggests anot ...

What's Next for Wix.com? While Wix.com has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near ...

Exhibit 99.1 Wix Reports First Quarter 2024 Results • Strong start to year with total bookings of $457.3 million, up 10% y/y driven by reacceleration of Creative Subscriptions growth • Total revenue of $419.8 million exceeded expectations, up 12% y/y driven by continued momentum in the Partners business – reflecting market share gains and stronger than anticipated Wix Studio uptake • Robust top-line growth coupled with stable optimized cost structure drove record FCF margin of 26% in the most recent quarter ...