Welcome to our dedicated page for Wix.com news (Ticker: WIX), a resource for investors and traders seeking the latest updates and insights on Wix.com stock.
Wix.com Ltd. (WIX) provides a cloud-based platform enabling businesses and individuals to build, manage, and scale professional websites. This page aggregates official announcements, including product innovations, financial results, and strategic partnerships, offering stakeholders a centralized resource for tracking the company’s evolution in the competitive SaaS landscape.
Investors and users will find timely updates on AI-driven innovations like Wix Studio and ADI (Artificial Design Intelligence), alongside critical business developments such as ecommerce integrations and market expansions. All content is sourced directly from verified press releases to ensure accuracy and compliance.
The page organizes news into key categories: quarterly earnings, technology updates, leadership announcements, and strategic collaborations. This structure allows quick access to material relevant to financial analysis, competitive research, or platform enhancement tracking.
Bookmark this page or check back regularly to stay informed about Wix’s advancements in democratizing web development through intuitive tools and enterprise-grade solutions. For real-time updates, subscribe to Stock Titan’s alerts for WIX-related disclosures.
Wix.com Ltd. reported Q4 2022 total revenue of $355 million, up 6% year-over-year, and achieved the highest free cash flow in its history at $52 million. The company expects to generate an additional $50 million in cost savings in 2023, accelerating its path to profitability. Wix aims for positive GAAP net income by FY 2025 and anticipates a free cash flow margin of 10-11% for 2023, improving to 12-13% by year-end. Despite reducing acquisition marketing by 50%, new cohort bookings remained stable, showcasing brand strength. The company executed $243 million in share repurchases, indicating management's confidence in future performance.
Wix.com Ltd. (Nasdaq: WIX) will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 12:15 PM PST. CFO Lior Shemesh will represent the company during this event, which will be held at The Palace Hotel in San Francisco. The discussion will be available via live audio webcast and later as an archived replay on Wix's investor relations website.
Wix helps users create, manage, and grow their digital presence with a comprehensive platform offering business solutions, advanced SEO, and marketing tools.
Wix.com Ltd. (NASDAQ: WIX) has launched its AI Text Creator, integrated within the Wix Editor, on February 14, 2023. This feature employs OpenAI's GPT-3 technology, allowing users to generate high-quality, tailored content for their websites.
The AI Text Creator streamlines content generation by asking targeted questions to produce creative titles, taglines, and paragraphs quickly. This innovation aims to enhance user experience in website building, providing nearly ready-to-use content. The feature is initially available to English-speaking users, with plans for a broader rollout.
Wix.com Ltd. (NASDAQ: WIX) has launched the SEO Dashboard, a comprehensive tool integrating resources from Google Search Console to enhance user SEO strategies. Available in English, the dashboard offers advanced tools, insights, and educational materials tailored for varying skill levels. Users can analyze site performance, view top search queries, and track their site’s visibility on Google. This initiative aims to democratize access to valuable SEO data, aligning with Wix's mission to facilitate seamless workflows for its users.
Wix.com Ltd. (Nasdaq: WIX) will report its fourth quarter and full year results for the period ending December 31, 2022, on February 22, 2023. A conference call and webcast will take place at 8:30 a.m. ET on the same day to discuss the financial outcomes. Prior to this event, a press release will be issued alongside a shareholder update. Wix continues to be a leading platform for creating digital presence, offering various business solutions and tools for users.
Wix.com Ltd. (Nasdaq: WIX) announced on January 4, 2023, that an Israeli court has approved an extension of its share repurchase program by six months, now ending on July 4, 2023. The program allows for the repurchase of up to $110 million in ordinary shares and convertible notes. As of December 31, 2022, Wix repurchased 2,928,611 shares for a total of $243 million under a previously authorized $300 million program. The continuation reflects management's confidence in generating free cash flow and aims to enhance shareholder value.
Name.com has partnered with Wix to offer customers direct access to Wix's platform. This integration allows users to register domains and build professional websites seamlessly. With various Wix plans available, users can select domain names and connect to business email solutions like Google Workspace. Notably, a promotion offers a free domain registration and Google Workspace for one year with an annual Wix plan purchase. This collaboration aims to streamline the online presence establishment process for professionals and small business owners.
Wix.com Ltd. (Nasdaq: WIX) reported Q3 2022 revenue of $345.8 million, an 8% year-over-year increase. Notably, constant currency revenue rose to $350.8 million, marking a 10% gain. The company successfully implemented a cost reduction plan, improving gross margins and generating positive non-GAAP net income. Wix forecasts a return to non-GAAP operating income in Q4 2022, with expected free cash flow between $47-50 million. The board has authorized a $300 million share repurchase plan, reinforcing its commitment to shareholder value.
Wix.com Ltd. (NASDAQ: WIX) announced that CFO Lior Shemesh and US GM Joe Pollaro will participate in a fireside chat at the 2022 RBC Global Technology, Internet, Media and Telecom Conference on November 15, 2022, at 3:10 p.m. ET. The event will be held at the InterContinental Barclay New York Hotel and will be available via live audio webcast on Wix's investor relations website.
Wix is recognized for its comprehensive platform enabling users to create and manage their digital presence effectively.
Wix.com Ltd. (NASDAQ: WIX) has announced its partnership with React Native, joining tech leaders like Meta and Microsoft to enhance open-source programming. This partnership allows Wix to take an active role in promoting the React Native framework and supporting its community. Wix boasts one of the largest React Native codebases, contributing over 30 projects, including Detox and RN Navigation. As a React Native Partner, Wix aims to improve mobile app development, enabling developers to create cross-platform applications more effectively.
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