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The latest announcement is out from Wix ( (WIX) ).
Wix.com Ltd. reported strong financial results for the fourth quarter and full year 2024, showcasing accelerated growth and profitability. The company achieved significant milestones, including surpassing the Rule of 40 and anticipating reaching the Rule of 45 in 2025. With an 18% year-over-year increase in Q4 bookings and a 14% rise in revenue, Wix demonstrated robust performance, particularly in its Self Creators and Partners segments. The company also completed a $200 million share repurchase plan and outlined strategic innovations, including AI advancements and a new generation AI Website Builder, which are expected to drive substantial growth in 2025 and beyond. Wix’s financial outlook remains optimistic despite potential FX headwinds, with continued focus on innovation and expanding its product offerings.
More about Wix
Wix.com Ltd. is a leading SaaS company based in Tel Aviv, Israel, focusing on website building platforms. It offers a range of services, including website creation, e-commerce solutions, and advanced design tools, catering to both individual creators and business partners.
YTD Price Performance: 3.31%
Average Trading Volume: 702,933
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.45B
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.
