🔹 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."
