Wix (WIX) has released an update.
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Wix.com Ltd. reported a robust second quarter in 2024 with a 15% year-over-year increase in bookings totaling $458.4 million, driven by strong product uptake and strategic initiatives like AI development and commerce platform expansion. The company’s revenue grew by 12% to $435.7 million, surpassing expectations, while also achieving a record free cash flow margin of 27%. Looking ahead, Wix expects to continue its growth momentum, projecting an acceleration of bookings growth and aiming to hit the Rule of 40 milestone ahead of schedule.
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