Wix Reports Third Quarter 2024 Results
Wix.com Ltd. - Ordinary Shares (WIX)
Last wix.com ltd. - ordinary shares earnings: 2/20 01:00 am
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US:NASDAQ Investor Relations:
investors.wix.com/investor-relations/overview/default.aspx
Company Research
Source: GlobeNewswire
Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18% Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentalsStrengthening tailwinds from key AI innovations – notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI-powered user onboarding toolTotal revenue grew to $444.7 million, up 13% y/y, driven by accelerating growth across both Self Creators and PartnersFCF margin expanded ~170 bps sequentially to 29% in the third quarter, driven by bookings strength and continued operating leverageRaising full year bookings, revenue and FCF guidance Expect to achieve 2H bookings growth of 17% y/y vs. 16% previously anticipated and exit the year at 18% y/y bookings growth at high end of guide Ample room
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WIX
News
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at B. Riley from $190.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Benchmark Co. from $225.00 to $250.00. They now have a "buy" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Royal Bank of Canada from $190.00 to $245.00. They now have an "outperform" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Cantor Fitzgerald from $200.00 to $240.00. They now have an "overweight" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Piper Sandler from $200.00 to $249.00. They now have an "overweight" rating on the stock.MarketBeat
WIX
Earnings
- 11/20/24 - Miss
WIX
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- WIX's page on the SEC website