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. (NASDAQ: WIX) has partnered with Choice Inc. to enable U.S. merchants to accept ACH electronic funds transfer payments. This integration allows merchants to receive payments directly into their bank accounts, reducing processing times and fees while lowering fraud risks. The partnership enhances customer experience through various payment channels, including online checkout and invoicing. Merchants will benefit from real-time data for better transaction management and reporting, ultimately aiming to increase revenue and profitability.
Wix.com Ltd. (Nasdaq: WIX) announced its participation in a fireside chat at the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 2:15 p.m. ET. The event will be accessible via live audio webcast, with an archived replay available on Wix's investor relations website. Wix is a leading platform for creating and managing a digital presence, offering a range of business solutions, advanced SEO tools, and continuous innovation to empower users in building their brands.
Wix.com Ltd. reported Q2 2022 revenue of $345.2 million, a 9% year-over-year increase, with total bookings at $354.6 million, up 3% year-over-year. The company anticipates approximately $150 million in annualized cost savings through a new cost reduction plan, aiming to improve profitability. Partners revenue saw significant growth, up 31% year-over-year. Despite market challenges, Wix is focused on operational efficiencies and enhancing its platform, including the launch of a new editor experience with AI integration.
Wix.com Ltd. (Nasdaq: WIX) has launched a new, unified web creation platform that combines its Artificial Design Intelligence (ADI) and classic Wix Editor. This innovative offering simplifies web design for users, from individuals to professionals, leveraging advanced AI features to enhance customization. The new editor allows for quick website creation, themed design kits, intuitive navigation, and easy content management. The rollout is gradual and aims to meet the evolving needs of creators and businesses in the digital landscape.
Wix.com Ltd. (Nasdaq: WIX) announced it will discuss its second quarter 2022 financial results in a conference call scheduled for August 10, 2022, at 8:30 a.m. ET. The call will follow a press release detailing these results along with a shareholder update. Investors can register for the call and access the webcast through Wix's investor relations page. This event emphasizes Wix's ongoing commitment to transparency and shareholder engagement.
Wix.com Ltd. (Nasdaq: WIX) has announced the upcoming Wix DevCon 2022, a hybrid conference designed for the developer community. Set to take place on September 7-8, 2022, in New York, the event will feature expert-led talks, workshops, and networking opportunities. Attendees will gain insights from Wix leaders and be the first to learn about new product announcements. Registration is available on the official website. Wix aims to enhance developers' skills with innovative tools and technologies for web development.
Wix.com Ltd. (NASDAQ: WIX) has announced the relaunch of its hotel management solution, Wix Hotels, in partnership with HotelRunner. This enhanced platform is designed to support various accommodation types, enabling users to create websites and manage properties, bookings, and sales channels effectively. Key features include integrations with major booking channels, real-time inventory updates, and front desk management capabilities. The solution is currently in beta and aims to meet the rising demand for digitalization in the hospitality industry, especially post-pandemic.
Wix reported Q1'22 revenues of $341.6 million, up 14% year-over-year, with total bookings reaching $393.2 million, an increase of 12% y/y. Creative Subscriptions revenue was $255 million, growing 13%. The company is targeting 20% free cash flow margins by 2025, despite facing macroeconomic headwinds. A projected revenue of $342 - $346 million for Q2'22 reflects 8-10% growth y/y. Wix continues its partnership growth, highlighted by a new collaboration with LegalZoom, while managing costs effectively.
Wix.com Ltd. (Nasdaq: WIX) announced details for its upcoming conference call on May 16, 2022, to discuss first-quarter results ending March 31, 2022. This will include a shareholder update and registration for the virtual Analyst & Investor Day on May 19, 2022. The conference call starts at 8:30 a.m. ET, with live and replay options available. Wix aims to outline key growth initiatives and a three-year financial plan during the Analyst & Investor Day. More information and access to both events will be available on their investor relations website.
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