Wix Q3 FY24 #EarningsReport Summary | $WIX (+0,19 %)
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.
📊 Income Statement Highlights (vs Q3 FY23):
▫️ Net Income: $26.78M vs $6.98M (+283.70%)
▫️ Revenue: $444.67M vs $393.84M (+12.91%)
▫️ Adjusted EPS: $1.50 vs $1.10 (+36.36%)
▫️ Total Bookings: $449.80M vs $389.10M (+15.62%)
▫️ Free Cash Flow (FCF): $127.76M vs $44.77M (+185.46%)
📊 Segment Revenue Highlights:
▫️ Creative Subscriptions: $318.83M (+9.71%)
▫️ Business Solutions: $125.85M (+21.98%)
💼 Balance Sheet Highlights:
▫️ Total Assets: $1.71B
▫️ Cash and Cash Equivalents: $439.43M
▫️ Deferred Revenues: $656.67M
🔮 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.