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Stock impact report

Wix.com (WIX) Q3 2024 Earnings Call Transcript [Yahoo! Finance]

Wix.com Ltd. - Ordinary Shares (WIX) 
Last wix.com ltd. - ordinary shares earnings: 2/20 01:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
These drivers have contributed to the company's revenue and bookings growth, with revenue growth accelerating to 13% year-over-year and bookings growth accelerating to 16% year-over-year. (Source: Menashe Lior Shemesh, Chief Financial Officer) Wix's studio platform is performing well, with 75% of bookings from new partners coming from studio accounts. The company expects studio to continue to drive growth, with the platform becoming an increasingly meaningful driver of bookings. (Source: Avishai Abrahami, Co-Founder and Chief Executive Officer) AI is having a positive impact on Wix's business, with the company seeing better conversion rates and improved customer satisfaction. Wix is planning to monetize its AI products by offering them as part of its platform, with the goal of increasing revenue and improving customer engagement. (Source: Nir Zohar, President and Chief Operating Officer) Wix expects its revenue and bookings growth to continue, with the company guiding for 13% to Show less Read more
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