Wix Q3 FY24 #EarningsReport Summary | $WIX (-2,71聽%)
In Q3 FY24, http://Wix.com sustained strong momentum through strategic AI integrations, robust partner activity, and innovative product launches. These efforts culminated in accelerated bookings growth and increased profitability metrics.
馃搳 Income Statement Highlights (vs Q3 FY23):
鈻笍 Net Income: $26.78M vs $6.98M (+283.70%)
鈻笍 Revenue: $444.67M vs $393.84M (+12.91%)
鈻笍 Adjusted EPS: $1.50 vs $1.10 (+36.36%)
鈻笍 Total Bookings: $449.80M vs $389.10M (+15.62%)
鈻笍 Free Cash Flow (FCF): $127.76M vs $44.77M (+185.46%)
馃搳 Segment Revenue Highlights:
鈻笍 Creative Subscriptions: $318.83M (+9.71%)
鈻笍 Business Solutions: $125.85M (+21.98%)
馃捈 Balance Sheet Highlights:
鈻笍 Total Assets: $1.71B
鈻笍 Cash and Cash Equivalents: $439.43M
鈻笍 Deferred Revenues: $656.67M
馃敭 Future Outlook:
Wix has raised its FY24 revenue outlook to $1.76B, projecting 13% YoY growth. It anticipates continued AI-driven momentum, robust cohort retention, and FCF margin expansion into FY25.