Record increase to FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration – now anticipating 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting Rule of 40 milestone already this year NEW YORK, May 20, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally2, today reported financial results for the first quarter of 2024. In addition, the Company provided its outlook for the second quarter and an increased outl ...

Wix.com (WIX) introduced three new AI-based image enhancement and creation tools to assist users in improving, customizing, and personalizing visual content for their websites. These tools include the AI Image Creator, Object Eraser and AI Image Editor. In May, the company launched the AI Portfolio Creator, a groundbreaking tool that leverages the power of artificial intelligence (AI) to aid users in crafting and showcasing an online professional portfolio. WIX highlighted that the new AI Portfolio Creator ...

Growth in the number of registered users and premium subscriptions are key revenue drivers. At the end of fourth-quarter 2023, registered users were 263 million. Average revenue per subscription is likely to have been driven by the shift to higher-tier packages, high pricing, and increased adoption and usage of business solution products. Healthy adoption of WIX Studio is likely to have driven the overall monetization of partner cohorts. In the last reported quarter, revenues from Partners business grew nea ...

The new AI-powered tools include a new image generator, an object eraser, and an image editor with the ability to add and replace objects, empowering users to level up their site's visual content NEW YORK, May 16, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today announced the launch of three new AI-powered image enhancement and creation tools to help users create and display high-quality images that impr ...

Analysts on Wall Street project that Wix.com (WIX) will announce quarterly earnings of $1.03 per share in its forthcoming report, representing an increase of 13.2% year over year. Revenues are projected to reach $417.71 million, increasing 11.7% from the same quarter last year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Ahead of a company's earni ...

Company Overview - Wix.com (WIX) shares increased by 3.9% to $127.01 in the last trading session, contrasting with a 3.8% loss over the past four weeks, indicating a strong trading volume [1] - The rise in share price is attributed to robust demand for Wix's diversified product portfolio, with higher average revenue per subscription driven by a shift to higher-tier packages and increased adoption of business solution products [2] Product Development - The company is focusing on the demand for Artificial Intelligence (AI) by launching new products such as AI Portfolio Creator, AI Site Generator, AI Chat Experience for businesses, and AI Code Assistant to expand its presence in the AI market [3] Financial Performance Expectations - Wix.com is expected to report quarterly earnings of $1.03 per share, reflecting a year-over-year increase of 13.2%, with revenues projected at $417.71 million, up 11.7% from the previous year [4] - The consensus EPS estimate for Wix has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [5] Industry Context - Wix.com is part of the Zacks Computers - IT Services industry, where another company, SentinelOne (S), also holds a Zacks Rank of 3 (Hold) and has seen a 2.1% increase in its stock price [5][6]

Wix.com Ltd. (WIX) recently launched the AI Portfolio Creator, a groundbreaking tool that leverages the power of artificial intelligence (AI) to aid users in crafting and showcasing an online professional portfolio.The AI Portfolio Creator effectively streamlines the portfolio creation experience by allowing users to smoothly upload and organize large-scale image collections with just a few clicks. Users first need to select the type of portfolio they want. The AI Portfolio Creator swings into action once a ...

The AI Portfolio Creator enables users to create unique and professional portfolios online by using AI to showcase their work The AI Portfolio Creator streamlines the portfolio creation journey, enabling users to upload extensive image collections of the work they would like to showcase. Once images are uploaded, the AI Creator organizes and generates project options with clustered images, suggested titles, and descriptions, and shows customizable layout options. The AI Portfolio Creator enables users ...

Agencies and freelancers creating on Wix Studio can further increase their revenue streams by selling templates alongside their services within the Wix ecosystemNEW YORK, April 17, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today announced that Partners creating on Wix Studio can sell Studio templates directly within the Wix Marketplace. The expansion of the Wix Marketplace enables Partners to not only o ...

Nonprofits and fundraisers can now establish their online presence, collect donations, attract donors and manage their entire operation from a versatile and cost-effective, all-in-one platformNEW YORK, April 9, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global, digital presence1, today announced the launch of Wix Donations, a dedicated online platform uniquely designed for the collection of donations for nonprofits, individuals an ...