Revenue segments as reported by the company.

Creative Subscriptions

Business Solutions

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Impairment, restructuring and other costs

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Wix.com

Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q3 2021

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Wix.com reports robust Q4 earnings, eyes AI innovation and partnerships

Wix.com's Q4 2022 earnings call highlighted strong financial performance, cost management efforts, and strategic shifts towards brand marketing. The company's focus on AI technology, partnerships, and organizational productivity sets the stage for continued growth and innovation in 2023.

Wix.com surpasses revenue expectations, eyes growth amid operational enhancements

Wix.com delivered strong financial performance in Q1 2023, exceeding revenue expectations and showcasing operational efficiency improvements.
Despite challenges from Europe's slower growth and shifting agreement structures, the company's focus on innovation and revenue-driving strategies presents growth opportunities.
With a solid foundation in cost savings, AI integration, and revenue growth drivers, Wix.com is poised for continued success and profitability in the coming quarters.
Balancing regional challenges with global growth prospects, Wix.com's strategic focus on partnerships and user experience positions the company for sustained expansion and market leadership.

Wix surpasses revenue expectations, focuses on AI and partner growth

Wix.com delivered a strong performance in Q2, with revenue exceeding expectations and a focus on expanding its AI capabilities and partner ecosystem.
While facing challenges in meeting long-term targets and operational execution, Wix's strengths lie in its innovative products, diversified revenue streams, and margin expansion.
Opportunities for Wix include leveraging AI technology for growth, capitalizing on the momentum in partner acquisitions, and enhancing marketing efforts with Wix Studio.
Overall, Wix's Q2 earnings call highlights a solid foundation for growth, with a strategic focus on technology, partnerships, and enhancing the user experience.

Wix surpasses Q3 revenue targets, eyes AI growth opportunities

Wix's Q3 performance exceeded expectations with a strong financial outlook and positive feedback on AI technology. Challenges include addressing bookings deceleration and improving gross margins. Opportunities lie in expanding B2B partnerships and leveraging AI products for growth.

Wix reports robust Q4 earnings, eyes AI and pricing for growth

Wix's Q4 2023 Earnings Call showcased strong financial performance, strategic strengths in AI and platform success, while also addressing challenges in regional revenue fluctuations and pricing strategies.
The company's focus on innovation, market adaptation, and financial stability positions it well for growth opportunities in 2024 and beyond.
Analysts' inquiries highlighted areas for improvement and innovation, signaling a proactive approach to addressing challenges and seizing opportunities for future success.

Wix.com excels in Q1 2024 with AI-driven growth and optimistic outlook

Wix's Q1 performance reflects strong financials and user engagement, propelled by AI-driven products and Wix Studio's success. While challenges like economic factors and AI tool adoption persist, the company is optimistic about surpassing the Rule of 40 and expects accelerated bookings growth in the second half of 2024.

Wix excels in Q2, eyes sustained growth through innovation

Wix's Q2 performance reflects robust growth across key metrics, underpinned by operational excellence and financial strength.
While facing challenges in a competitive market, Wix's strategic focus on innovation and efficiency positions it for future success.
Opportunities in e-commerce trends and AI integration offer avenues for continued growth and market differentiation.
Overall, Wix's solid financial health, strong performance, and strategic initiatives bode well for its future outlook.

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Cost of revenue

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Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006, and is headquartered in Tel Aviv, Israel.

Ferrari

Twilio

Earnings season continues to chug along, providing us with new quarterly prints each day. And regarding positive surprises, these three companies have delivered precisely that.

Earnings Season: 3 Companies Boosting Outlooks

WIX's third-quarter performance benefits from solid momentum in the Creative Subscriptions and Business Solutions segments.

WIX Q3 Earnings & Revenues Beat Estimates, Increase Y/Y

Wix.com told investors it expects to become profitable in 2023 and maintain that position in 2024 as it raised its outlook after delivering third-quarter earnings ahead of expectations. The Israeli cloud-based website developer reported revenue of $393.8 million for the September 2023 quarter, up 14% from a year earlier.

Wix.com expects to achieve a profit for 2023 after strong 3Q

Wix.com Ltd. (NASDAQ:WIX ) Q3 2023 Earnings Call Transcript November 9, 2023 8:30 AM ET Company Participants Emily Liu - IR Avishai Abrahami - CEO & Co-Founder Nir Zohar - President & COO Lior Shemesh - CFO Conference Call Participants Trevor Young - Barclays Ygal Arounian - Citi Andrew Boone - JMP Securities Chris Zhang - UBS Bernie McTernan - Needham and Company Ken Wong - Oppenheimer & Company Mark Zgutowicz - Benchmark Company Operator Good day, and thank you for standing by.

Wix.com Ltd. (WIX) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Wix.com (WIX) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Wix.com (WIX) Q3 Earnings: A Look at Key Metrics

Second consecutive quarter of positive GAAP net income positions Wix to achieve GAAP profitability for full year 2023 with GAAP profitability also expected to be achievable for full year 2024 Total revenue in Q3 of $393.8 million, up 14% y/y, ahead of expectations and marking the third consecutive quarter of year-over-year revenue growth acceleration Incredible momentum in Partners business demonstrated by: Partners revenue1 of $119.4 million, up 38% y/y, as growth accelerated for another quarter, with more Partners joining Wix and monetization continuing to increase Current B2B partnerships increasingly driving growth; new multi-year strategic partnership with Intuit further underscoring Wix as the online presence partner of choice for global marquee brands empowering SMBs Early uptake of Wix Studio, the ultimate web creation platform for professionals, ahead of expectations with global rollout now complete Strong revenue growth and continued benefits from completed operational efficiencies resulted in better than expected free cash flow ("FCF")2 of $62.8 million, or 16% of revenue Raising full year revenue and FCF guidance with full year FCF margin now expected to be ~15% of revenue, as FCF margin is anticipated to accelerate to 20-21% of revenue in Q4, above the expectations of the three-year plan NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally,3 today reported financial results for the third quarter of 2023.

Wix Reports Third Quarter 2023 Results

The consensus price target hints at a 32.3% upside potential for Wix.com (WIX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Wix.com (WIX) Have the Potential to Rally 32.27% as Wall Street Analysts Expect?

WIX is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why WIX Might Surprise This Earnings Season

Dell Technologies

Keysight

Here, we pick four tech stocks, WIX, DELL, KEYS and TWOU, which are likely to pull off a beat this earnings season.

4 Tech Stocks Likely to Outpace Estimates This Earnings Season

The AI model is designed to understand the user's unique business requirements and is able to match tailored solutions and applications to their needs NEW YORK , Nov. 8, 2023 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow an online presence, today announced a conversational AI chat that meets users at the moment they join Wix to get their business online.

Wix Releases a Conversational AI Chat Experience to Provide Tailored Business Solutions Based on Users' Needs

YETI

Two top-rated stocks highlighting this week's earnings lineup are Wix.com (WIX) and Yeti (YETI) which are set to report their third-quarter results on Thursday, November 9.

Don't Overlook Wix.com (WIX) or Yeti's (YETI) Stock as Earnings Approach

The AI-powered tool generates optimized title tags and meta descriptions for SEO within seconds NEW YORK , Nov. 7, 2023 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow an online presence, today announced a groundbreaking addition to its built-in SEO tools, the AI Meta Tag Creator.

Wix Enhances SEO with AI Meta Tag Creator to Help Users Improve their Efficiency and Search Visibility

WIX Q3 performance is likely to have benefited from strong bookings growth and an improvement in the user base.

WIX Set to Report Q3 Earnings: Here's What You Should Know

Dutch Bros

Devon Energy

With many companies slated to report in the coming weeks, surprises are sure to be lurking beneath the hood. And a few of these positive surprises could come from these three companies.

Earnings Season: 3 Top-Ranked Stocks Likely to Surprise

Wix.com (WIX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Wix.com (WIX) Beat Estimates Again in Its Next Earnings Report?

Wix.com (WIX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wix.com (WIX) Reports Next Week: Wall Street Expects Earnings Growth

NEW YORK , Oct. 18, 2023 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today released registration information for Wix's conference call discussing the results for the third quarter ended September 30, 2023, before the market opens on Thursday, November 9, 2023.

Wix to Announce Third Quarter 2023 Results on November 9, 2023

Wix Studio delivers a revolutionary platform that combines AI-powered features, the latest design and development capabilities and seamless workflows for multi-site management to help agencies create projects with greater quality and velocity NEW YORK , Oct. 16, 2023 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow an online presence, today announced that Wix Studio is now available to  all agencies and freelancers.

Wix Studio, the Ultimate Web Creation Platform for Agencies and Freelancers, Now Officially Open to All Global Users

Wix is an attractive investment due to its high growth, improving margins, sticky customer base, monetization potential, and global reach. The company operates on a freemium business model and offers a user-friendly website builder, e-commerce features, and additional functionalities through its App Market. Wix's Management is focused on transitioning to profitability, with EBITDA-M going from (19)% in FY22 to (4)% in LTM Jun-23. We believe a rapid improvement is ahead.

Wix: Profitability Transition And High FCF

Wix.com WIX and Intuit Mailchimp have joined forces in a long-term bi-lateral strategic partnership. This collaboration aims to enhance user experience and functionality by integrating CRM data, empowering users in marketing activities, driving customer engagement and sales growth.

WIX Collaborates With Intuit Mailchimp to Help Entrepreneurs

Intuit

The partnership will enhance the companies' advanced offerings, providing Wix and  Mailchimp users with industry-leading capabilities in a seamless experience NEW YORK , Oct. 3, 2023 /PRNewswire/ -- Today, Intuit Mailchimp (Nasdaq: INTU), the #1 email marketing and automation brand1, and Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence, announced a multi-year bi-lateral strategic partnership.

Intuit Mailchimp and Wix Enter a Strategic Multi-Year Partnership

ATLANTA--(BUSINESS WIRE)--Today, Intuit Mailchimp (Nasdaq: INTU), the #1 email marketing and automation brand1, announces a new strategic partnership with Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence, as well as an integration with Buy with Prime, enhanced generative AI (genAI) and SMS features, bringing marketers more tools and data than ever to better target, personalize, and automate their marketing during the holiday shopping seaso.

Intuit Mailchimp Announces Wix Partnership and New E-Commerce Features Ahead of the Holiday Shopping Season

WIX performance benefits from continued momentum in annualized recurring revenues from Creative subscriptions.

WIX Stock Soars 18.6% YTD: Will the Upward Trend Continue?

Squarespace

BigCommerce Holdings, Inc.

GoDaddy

Analysts at UBS are bullish on the web builder space as firms take advantage of the generative artificial intelligence (GenAI) opportunity, initiating coverage with a positive outlook on four sector leaders.  “GenAI is the next leg of the evolution of the web builder space, and near-term it should serve as a subscriber monetization tailwind as more/better tools are integrated into website editors and are reflected in higher subscription prices,” the analysts wrote in a note to clients.

Squarespace, Wix and other web builder stocks poised to capitalize on GenAI opportunity

Despite uncertainties and competition, I'm bullish on Wix due to its attractive valuation. Wix has maintained a relatively stable and reasonable valuation in 2023, avoiding excessive premium pricing. The company is committed to improving free cash flow margins, with a 13% target for 2023 and the potential for even higher margins in 2024.

News for Wix.com Stock (WIX)