Wix.com Ltd (WIX) reported non-GAAP earnings per share (EPS) of $1.50 for third-quarter 2024, exceeding the Zacks Consensus Estimate of $1.44. The company had reported EPS of $1.10 in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Total revenues increased 13% year over year to $444.7 million and beat the Zacks Consensus Estimate of $443.6 million.At the end of Sept. 30, 2024, registered users were 278 million.In response to the results, WIX’s shares went up 14. ...

For the quarter ended September 2024, Wix.com (WIX) reported revenue of $444.67 million, up 12.9% over the same period last year. EPS came in at $1.50, compared to $1.10 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $443.64 million, representing a surprise of +0.23%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $1.44.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Wix.com (WIX) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $1.32 per share when it actually produced earnings of $1.67, delivering a surprise of 26.52%.Over the last four quar ...

Core Insights - Wix.com Ltd. reported strong financial performance in Q3 2024, with total bookings of $449.8 million, reflecting a 16% year-over-year growth, driven by Studio momentum, AI benefits, and robust commerce activity [1][2] - The company expects to exit 2024 with year-over-year bookings growth of 18%, raising its full-year bookings, revenue, and free cash flow guidance [1][4][7] - Free cash flow margin expanded to approximately 29%, indicating strong operational leverage and bookings strength [1][3] Financial Performance - Total revenue for Q3 2024 reached $444.7 million, up 13% year-over-year, with Creative Subscriptions revenue at $318.8 million (up 10% y/y) and Business Solutions revenue at $125.8 million (up 22% y/y) [2][3][26] - Non-GAAP net income for Q3 2024 was $89.3 million, translating to $1.62 per basic share, while GAAP net income was $26.8 million, or $0.49 per basic share [3][21] - Creative Subscriptions Annualized Recurring Revenue (ARR) increased to $1.31 billion, up 11% year-over-year [2][26] Growth Drivers - The company highlighted the success of its Studio product, with 75% of new Partner bookings coming from Studio accounts, indicating strong adoption among agencies [2] - AI innovations, particularly the AI-powered user onboarding tool, demonstrated a 13% uplift in conversion rates for the Self Creator cohort [1][2] - Wix anticipates further growth acceleration and margin expansion in 2025, supported by ongoing product innovations and a stable operating cost structure [8][10] Updated Guidance - Wix raised its full-year bookings outlook to $1,822 - $1,832 million, reflecting 14-15% year-over-year growth, compared to previous guidance of $1,802 - $1,822 million [4] - The updated revenue outlook for the full year is now $1,757 - $1,764 million, maintaining a 13% year-over-year growth expectation [5][6] - The company expects Q4 2024 revenue to be between $457 - $464 million, representing 13-15% year-over-year growth [6]

The new offering generates dynamic and custom visual sitemaps and wireframe options, providing  more efficient ways for agencies to plan, structure, and build their websites NEW YORK – – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, announced today the launch of its AI-powered visual sitemap and wireframe generator tool for Wix Studio. The new offering allows agencies and enterprises to accelerate site planning with a fully-native, AI-powered visual sitemap tool that can s ...

In its upcoming report, Wix.com (WIX) is predicted by Wall Street analysts to post quarterly earnings of $1.44 per share, reflecting an increase of 30.9% compared to the same period last year. Revenues are forecasted to be $443.27 million, representing a year-over-year increase of 12.6%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.A ...

Wix.com Ltd (WIX) is slated to report third-quarter 2024 results on Nov. 20.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company expects third-quarter revenues to be between $440 million and $445 million, implying 12-13% growth from the prior-year quarter's reported figure. The Zacks Consensus Estimate is pegged at $443.3 million, indicating an increase of 12.6% from a year ago.The Zacks Consensus Estimate for earnings is pegged at $1.44 per share, up 30.9% from the year-earl ...

The report highlights how agencies can embrace storytelling to showcase innovation, differentiate themselves, and integrate new technologies NEW YORK, November 14, 2024 – – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, in collaboration with The Society of Digital Agencies (SoDA), a global network of digital agency founders, creative innovators and technology disruptors, today releases the latest edition of SoDA Report On series. This report delves into the evolving role o ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Wix.com (WIX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Wix.com currently has an average brokerage r ...

Wix.com (WIX) shares rallied 6.5% in the last trading session to close at $183.64. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.9% gain over the past four weeks.The increase in share price can be attributed to strong topline performance. Higher adoption of the product portfolio, especially various artificial intelligence (AI) products and WIX Studio, has been driving the company’s performance. WIX is foc ...