Wix.com Stock Price, News & Analysis

Wix.com Ltd. (Nasdaq: WIX) will have CFO Lior Shemesh participate in a fireside chat at the Evercore ISI Inaugural Technology, Media and Communications Conference on June 8, 2021, at 9:30 a.m. ET. The event offers a live audio webcast and archived replay on Wix's investor relations website. Wix, a leading cloud-based website development platform, serves over 200 million registered users globally, providing tools for businesses and individuals to establish their online presence. For more information, visit their investor relations site.

Wix.com Ltd. (Nasdaq: WIX) will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 9:30 a.m. EDT. The presentation will be accessible via a live audio webcast and archived replay on Wix's investor relations website. Wix is a leading cloud-based website development platform with over 200 million registered users globally. It offers tools like the Wix Editor and Wix Payments to empower businesses and individuals to establish their online presence effectively.

Wix.com Ltd. reported Q1 2021 financial results, surpassing revenue and collection expectations. Total revenue rose 41% year-over-year to $304.1 million, with Creative Subscriptions and Business Solutions growing significantly. Collections also increased by 41% to $351.1 million. The company updated its full-year guidance, projecting revenue between $1.280 to $1.290 billion, reflecting ongoing growth momentum. CEO Avishai Abrahami emphasized Wix's role in online business transformation amid global recovery.

Wix (WIX) announced the acquisition of Rise.ai, enhancing its eCommerce capabilities. This integration aims to provide Wix merchants with advanced customer re-engagement tools such as loyalty programs, gift cards, and rewards, boosting customer spending and retention. In 2020, Wix facilitated over $5.4 billion in online transactions, reflecting significant growth. The acquisition supports Wix's strategy to empower businesses by streamlining customer engagement, ultimately increasing their profitability and long-term value.

Wix (Nasdaq: WIX) has launched the Accessibility Wizard, a tool designed to help users identify and resolve accessibility issues on their websites. This interactive solution assists users by scanning for problems and providing step-by-step guidance on how to fix them. With over one billion people globally relying on web accessibility features, this initiative aims to promote inclusivity. The Accessibility Wizard is accessible to all Wix users at no additional cost and aligns with international accessibility standards.

Wix.com Ltd. (Nasdaq: WIX) will release its first quarter 2021 financial results before the market opens on May 12, 2021. A conference call will take place at 8:30 a.m. ET to discuss these results, along with a shareholder update. The press release and additional materials will be available on the company's investor relations website prior to the call. Wix, a leading cloud-based website development platform, serves over 200 million registered users globally.

Wix (Nasdaq: WIX) has launched Spaces by Wix, a native mobile app designed for customers to engage and transact with businesses using the Wix platform. This app aims to enhance mobile interaction, as 70% of customers reportedly prefer mobile engagement. Wix users can easily create a personalized app experience for their customers, enabling features such as product purchases, appointment bookings, and community interaction. Over 5 million downloads have been achieved, with business owners reporting significant increases in engagement, purchases, and bookings.

Wix (Nasdaq: WIX) has announced an expanded integration with Google, allowing users to manage their Business Profile directly through the Wix platform. This integration aims to simplify the business management process for users, enabling them to create, verify, and update their profiles without switching platforms. Benefits of an updated profile include a 70% increase in location visits and a 50% higher likelihood of purchases. This partnership emphasizes Wix's commitment to enhancing its users' online presence.

Wix (Nasdaq: WIX) announced the acquisition of Miami-based SpeedETab, enhancing its Wix Restaurants platform. This acquisition aims to streamline online ordering and management for restaurants, integrating with various POS systems. Wix Restaurants experienced significant growth, with a 143% increase in restaurants selling online and a 378% rise in online orders over the past year. The acquisition will provide a comprehensive solution for restaurant owners, allowing seamless order management across multiple channels, thereby supporting their digital transformation in the industry.