WIX Stock Recent News

Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H Meaningful bookings growth acceleration with total bookings of $458.4 million, up 15% y/y, as a result of strong Wix Studio uptake, benefits from growing AI capabilities and commerce platform expansion as well as positive response to the price increase implemented earlier this year Bookings growth accelerated across both Self Creators and Partners Continue to expect bookings growth acceleration to 16% y/y in 2H at the high end of full year guidance range Total revenue of $435.7 million exceeded expectations, up 12% y/y, driven by strong Partners growth of 29% y/y Record take rate of 1.68%, driven by transaction revenue growth of 21% y/y as we added a new payment partner to Wix Payments Continued margin expansion with Q2 FCF1 margin of 27%, driven by additional operating leverage High end of increased full year FCF1 outlook positions us to achieve the Rule of 40 mileston

WIX's Q2 performance is likely to have benefited from the adoption of AI product offerings as well as WIX Studio.

Wix becomes the first reseller of Gemini for Workspace, enhancing productivity with Generative AI solutions NEW YORK , Aug. 5, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, today announced it has expanded its strategic partnership with Google to offer Wix users Gemini for Workspace, which enables Wix users to leverage the most advanced generative AI solution across Google Workspace.

Beyond analysts' top -and-bottom-line estimates for Wix.com (WIX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

The suite of the new AI functionalities for the blog is designed to provide users with simple solutions to create blogs and build their content library NEW YORK , July 31, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, announced today the release of a suite of AI-powered tools designed to suggest relevant topic ideas for blogs, generate the content and images for their target audience.

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NEW YORK , July 17, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX ), today announced that it will report its results for the second quarter ended June 30, 2024 before the market opens on Wednesday, August 7, 2024.

Wix.com (WIX) closed at $165.63 in the latest trading session, marking a -0.25% move from the prior day.

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