WIX - Website Creator Wix Gains After Q1 Print What's Going On? | Benzinga
Wix.com Ltd (NASDAQ:WIX) reported its fiscal first-quarter 2024 results. Revenue grew 12% Y/Y to $419.8 million, beating the analyst consensus estimate of $417.8 million.
Adjusted EPS of $1.29 beat the analyst consensus estimate of $1.03. The stock gained after the results.
Partners revenue in the first quarter of 2024 was $138.4 million, up 33% y/y.
Segments: Creative Subscription revenue increased 9% Y/Y to $304.3 million. The Creative Subscriptions bookings climbed 7% Y/Y to $334.6 million. Creative Subscriptions ARR was $1.24 billion, up 10% Y/Y.
Business Solutions’ revenue rose 20% Y/Y to $115.5 million, and the bookings jumped 21% Y/Y to $122.6 million.
The adjusted gross margin expanded to 68% ...