WIX Stock Recent News
WIX LATEST HEADLINES
NEW YORK , Nov. 16, 2023 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that Wix management will participate in a fireside chat at the Nasdaq 49th Investor Conference on Tuesday, December 5th, 2023 at 6:00 a.m.
WIX's third-quarter performance benefits from solid momentum in the Creative Subscriptions and Business Solutions segments.
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 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.
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.
WIX is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Zacks.com users have recently been watching Wix.com (WIX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Wix.com (WIX) closed the most recent trading day at $79.12, moving +1.13% from the previous trading session.
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.
In the most recent trading session, Wix.com (WIX) closed at $87.67, indicating a -1.09% shift from the previous trading day.