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. develops a software-as-a-service platform for creating, managing and growing a digital presence through websites, business tools and online services. News about WIX commonly covers product development in Wix Harmony, Wix Studio and Base44, AI-enabled creation workflows, integrations such as the Wix app in ChatGPT, and platform capabilities for commerce, scheduling, payments, SEO, accessibility, performance and security.
Company updates also include quarterly and annual results, bookings and revenue commentary, management conference appearances, ordinary-share tender offers, share repurchase programs and other capital-allocation actions.
Wix.com Ltd. (Nasdaq: WIX) will announce its third quarter 2021 financial results on November 11, 2021, prior to the market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss the results and provide a shareholder update. Interested parties can join the call via US/Canada Toll-Free number +1-877-667-0467 or access it through a live webcast available on Wix's investor relations page.
Wix has partnered with BitPay to introduce cryptocurrency payment options for its eCommerce platform, allowing Wix merchants to accept payments in over 12 cryptocurrencies, including Bitcoin and Ethereum. This integration enables businesses to tap into the vast cryptocurrency market, which has a total cap exceeding $1.4 trillion. Merchants can also benefit from lower transaction fees and an increase in average order value by about 2x. Initially, the service will be available to merchants in the US, UK, Brazil, Australia, Canada, and Germany.
Wix.com has completed a $200 million share repurchase program authorized in May 2021. The company repurchased 895,136 shares, approximately 1.6% of total outstanding shares, at a volume-weighted average price of $223.41 per share. CFO Lior Shemesh stated that this reflects confidence in Wix's business strength and aims to return value to shareholders while pursuing growth. The decision comes as Wix shares are trading below their perceived intrinsic value.
Wix.com Ltd. (Nasdaq: WIX) announced that Joe Pollaro, General Manager, US, will speak at the Wolfe Inaugural TMT Conference on September 8, 2021, at 11:05 a.m. ET. The event will be available through a live audio webcast on Wix's investor relations site. Wix is a leading website development platform with over 210 million registered users globally, helping businesses establish their online presence through various tools and services.
Wix.com Ltd. (Nasdaq: WIX) reported Q2 2021 revenues of $316.4 million, up 34% year-over-year, attributed to growth in both Creative Subscriptions and Business Solutions. Despite these gains, the company noted a mild slowdown in user growth due to pandemic uncertainty. Non-GAAP net loss was $(15.8) million, with GAAP net profit at $38 million, boosted by unrealized gains in equity. Wix updated its 2021 guidance for revenue and cash flow, reflecting ongoing pandemic challenges. A strategic partnership with Vistaprint aims to empower small businesses.
On August 11, 2021, Vistaprint announced a partnership with Wix (Nasdaq: WIX) to enhance small businesses' online presence. Wix will provide the technology for website creation, allowing Vistaprint's 17 million customers to build and manage websites easily. The integration aims to synchronize online and offline marketing efforts. Existing Vistaprint users will migrate to Wix, with expectations of hundreds of thousands of new Wix subscriptions over five years. The collaboration will also position Vistaprint as Wix's primary print partner for physical marketing solutions.
Wix (Nasdaq: WIX) launched the Branded App by Wix, a no-code mobile app builder, enabling users to create tailored native apps for their businesses. This addition supports business owners in enhancing their brand experience with integrated features like booking services and customer engagement tools. Wix data shows that businesses using native apps may experience up to a 510% increase in mobile service bookings. The Branded App is available for an additional cost, but customers can download it for free from app stores.
Wix.com Ltd. (Nasdaq: WIX) announced it will release its second quarter results for the period ending June 30, 2021, before market open on August 11, 2021. A conference call and webcast will follow at 8:30 a.m. ET, where management will discuss the financial outcomes. A press release with results and shareholder updates will precede the call. Investors and interested parties can access additional information through Wix's investor relations page.
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Wix has partnered with Yell, the UK's leading provider of managed digital marketing services, to offer 'Smart Websites - powered by Wix'. This collaboration aims to assist SMEs in the UK in creating customized websites with enhanced functionality. The new websites will be optimized for all devices, SSL certified, and come with features like analytics, CRM capabilities, and payment acceptance. Yell CEO Claire Miles emphasized that this partnership responds to the growing need for SMEs to establish a strong online presence post-lockdown. Wix's technology will benefit Yell's extensive client base.