The earnings call presented a largely positive outlook with significant growth in bookings, successful adoption of AI and Studio platforms, and strong financial performance. The lack of significant lowlights suggests a strategic focus on highlighting successes.

Company Guidance

In the Q3 2024 earnings call for Wix, the company provided several key metrics and strategic insights. Wix reported a 16% year-over-year growth in bookings, reaching $450 million, and 13% growth in revenue, totaling $445 million. The company highlighted the success of its AI-powered onboarding process, which has been adopted by more than 50% of new users and increased conversion rates by 13% for their self-created cohort. The AI initiatives have resulted in 29 AI assistants across the platform, enhancing user experience and efficiency. Wix Studio, a core product for partners, saw significant traction with 75% of bookings from new partners attributed to Studio accounts. Partner revenue grew by 30% year-over-year, while gross payment volume (GPV) increased by 14%, driving a 23% rise in transaction revenue. The company also provided a positive outlook, projecting full-year bookings of $1,822 to $1,832 million and revenue between $1,757 million and $1,764 million, with an expected free cash flow margin of approximately 28% of revenue. The executives emphasized continued growth opportunities, particularly in AI and new product innovations for self-creators, aiming at sustained revenue acceleration and profitability in the coming years.

Accelerating Growth and Bookings

Year-over-year bookings growth of 16% in Q3 2024, marking the third consecutive quarter of bookings growth acceleration.

AI-Powered Solutions and Innovation

Over 50% of new users are using AI-powered onboarding, with a 13% uplift in conversion rate from the AI onboarding tool.

Studio Platform Success

75% of new partner bookings are from Studio accounts, contributing to a 30% year-over-year growth in partners' revenue.

Commerce Growth

GPV growth accelerated to 14% year-over-year, with transaction revenue growth accelerating to 23% year-over-year.

Strong Financial Performance

Free cash flow totaled $128 million or 29% of revenue, surpassing the Rule of 40 for the first time since early 2021.

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Wix (WIX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WIX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	1.59 / -	1.22	―	―	―
Nov 20, 2024	2024 (Q3)	1.44 / 1.50	1.14	31.58% (+0.36)
Aug 07, 2024	2024 (Q2)	1.35 / 1.67	1.26	32.54% (+0.41)
May 20, 2024	2024 (Q1)	1.03 / 1.29	0.91	41.76% (+0.38)
Feb 21, 2024	2023 (Q4)	0.96 / 1.22	0.61	100.00% (+0.61)
Nov 09, 2023	2023 (Q3)	0.68 / 1.14	0.06	1800.00% (+1.08)
Aug 03, 2023	2023 (Q2)	0.59 / 1.26	-0.14	1000.00% (+1.40)
May 17, 2023	2023 (Q1)	0.14 / 0.91	-0.72	226.39% (+1.63)
Feb 22, 2023	2022 (Q4)	0.10 / 0.61	-0.37	264.86% (+0.98)
Nov 10, 2022	2022 (Q3)	-0.23 / 0.06	-0.21	128.57% (+0.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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WIX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2024	$183.95	$210.27	+14.31%
Aug 07, 2024	$157.06	$156.35	-0.45%
May 20, 2024	$135.68	$168.02	+23.84%
Feb 21, 2024	$125.32	$132.77	+5.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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