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Wix.com Ltd (WIX)
NASDAQ:WIX
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.63Last Year’s EPS
1.29Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -26.76%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Positive
Wix had a strong 2024, achieving its rule of forty milestone ahead of schedule with significant growth in bookings and revenue driven by successful product initiatives, particularly in AI and Studio. However, challenges such as FX volatility and slower-than-expected GPV growth due to situational factors were noted. Overall, the positive developments significantly outweigh the lowlights.Company Guidance
During the Wix Fourth Quarter and Full Year 2024 Earnings Conference Call, leadership provided detailed guidance for 2025, emphasizing robust growth and innovation. Wix aims to achieve the "rule of forty-five" in 2025, surpassing its initial target ahead of schedule. The company anticipates total bookings to reach between $2,025 million and $2,060 million, representing an 11% to 13% year-over-year increase, despite an estimated $45 million FX headwind. They project total revenue to rise by 12% to 14% year-over-year. Wix also expects non-GAAP total gross margin improvement to 70% and anticipates a free cash flow of $590 to $610 million, translating to a 30% to 31% revenue margin. The guidance reflects strong product momentum, particularly from the Studio platform, AI enhancements, and commerce capabilities, with an emphasis on managing expenses to drive profitability.Rule of Forty Achieved
Wix exceeded its ambitious plan to achieve the rule of forty by 2025, reaching this milestone a year ahead of schedule. The company is now aiming for rule of forty-five in 2025.
Strong Bookings and Revenue Growth
Wix reported bookings growth of 18% year over year in Q4 2024, with partners' revenue growing 30% year over year. Total revenue in Q4 grew by 14% year over year to $460 million.
AI Product Suite Success
Wix's AI website builder drove significant conversion and purchase behavior improvements. Over one million sites have been created with the AI builder.
Positive Free Cash Flow and Profitability
Wix generated free cash flow of $488 million or 28% of revenue in 2024, nearly doubling from 2023. It achieved positive GAAP operating income for the first time.
Studio Platform Expansion
The Studio platform saw strong adoption with over two million studio accounts, 75% of which were created by partners.
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WIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $227.78 | $217.00 | -4.73% |
| Nov 20, 2024 | $183.95 | $210.27 | +14.31% |
| Aug 07, 2024 | $157.06 | $156.35 | -0.45% |
| May 20, 2024 | $135.68 | $168.02 | +23.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wix.com Ltd (WIX) report earnings?
Wix.com Ltd (WIX) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Wix.com Ltd (WIX) earnings time?
Wix.com Ltd (WIX) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WIX EPS forecast?
WIX EPS forecast for the fiscal quarter 2025 (Q1) is 1.63.
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