$WIX (-2,38%)

🔹 Adj. EPS: $1.93 (Est. $1.59) 🟢

🔹 Revenue: $460.5M (Est. $461.75M) 🟡; UP +14% YoY

🔹 Bookings: $464.6M (Est. $461.75M) 🟢; UP +18% YoY

🔹 Free Cash Flow: $131.8M (Est. $130.12M) 🟢

Q1'25 Guidance:

🔹 Revenue: $469M-$473M (Est. $481.47M) 🔴; UP +12-13% YoY

FY'25 Guidance:

🔹 Revenue: $1.97B-$2.0B (Est. $2.018B) 🔴; UP +12-14% YoY

🔹 Bookings: $2.03B-$2.06B (Est. $2.08B) 🔴; UP +11-13% YoY

🔹 Free Cash Flow Margin: 30-31% (Est. 29%) 🟢

Q4'24 Segment Revenue:

🔹 Creative Subscriptions: $329.7M (Est. $330.46M) 🟡; UP +11% YoY

🔹 Business Solutions: $130.7M (Est. $131.31M) 🟡; UP +21% YoY

🔹 Partners: $168.1M; UP +29% YoY

🔹 Transaction: $57.1M; UP +23% YoY

Q4'24 Geographical Insights:

🔸 ~40% of revenue from non-USD currencies; FX headwinds expected in 2025

Other Q4'24 Key Metrics:

🔹 Creative Subscriptions ARR: $1.343B; UP +13% YoY

🔹 Non-GAAP Gross Margin: 70%; Flat YoY

🔹 Creative Subscriptions Gross Margin (Non-GAAP): 85%; UP +1% YoY

🔹 Business Solutions Gross Margin (Non-GAAP): 32%; UP +2% YoY

🔹 FCF Margin: 29%; UP from 22% YoY

Announcements & Strategic Updates:

🔸 Completed $200M share repurchase in Jan 2025; $725M total since Aug 2023

🔸 Achieved first year of positive GAAP operating income in 2024

🔸 On track for Rule of 45 in 2025 at high end of outlook

Management Commentary:

🔸 "Wix sets a high standard for innovation and creativity, and we’re constantly exceeding expectations," said Avishai Abrahami, Co-founder and CEO. "2025 is poised to reimagine and expand the Self Creator experience with two transformative products planned for the spring and early fall, delivering immense value to users and accelerating growth."

🔸 "We wrapped 2024 with accelerated growth and profitability, driven by successful execution of our product roadmap and pricing strategy," added Lior Shemesh, CFO. "Solid growth coupled with efficiencies puts us on track to achieve Rule of 45 in 2025."

Wix Q3 FY24 #EarningsReport Summary | $WIX (-2,38%)

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.