WIX News and Press, Wix.com Ltd. From 02/23/23

Summary Wix.com has materially increased its cash from operations via cost reduction measures, which it has also increased ~33% from its previous baseline. As such, management has now made clear it is 2 years ahead of schedule and expects non-GAAP net income profitability for FY2023. ...

Shares of Wix.com (NASDAQ: WIX) climbed 12% on Wednesday after the website-development platform said it expects to hit its profitability goals ahead of schedule. Wix's revenue grew by 6% year over year to $355 million in the fourth quarter, driven by higher demand for its website...

Image source: The Motley Fool. Wix.com (NASDAQ: WIX) Q4 2022 Earnings Call Feb 22, 2023 , 8:30 a.m. ET Operator Continue reading For further details see: Wix.com (WIX) Q4 2022 Earnings Call Transcript

Summary Wix.com Ltd. trumps earnings, suggesting its business model is taking off amid robust growth in the SME space. Although the company has yet to achieve profitability, its up-the-line margins are improving. Moreover, Wix.com's earnings quality is advancing with a reduction in defe...

Wix.com Ltd. (WIX) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants Emily Liu – Investor Relations Avishai Abrahami – Chief Executive Officer and Co-Founder Nir Zohar – President and Chief Operating Officer Lio...

Summary Wix.com Ltd.'s message to shareholders is that it's cutting back costs and doing what it can to be free cash flow and GAAP positive. Wix.com expects to reach a Rule of 40 by 2025. Despite the alluring narrative around this stock, I'm not inclined to pay 30x forward free cash...

Stock markets have been volatile in 2023, and investors can expect them to remain so for the foreseeable future. There's so much uncertainty about the future course of the global economy that it could take a long time for the market to establish a firm direction. On Wednesday morning, major stock...

Wix.com ( NASDAQ: WIX ) shares surged more than 10% in premarket trading on Wednesday as the web development company reported fourth-quarter results that handily beat Wall Street estimates and offered strong guidance. Based in Tel Aviv, Israel, Wix.com ( WIX ) said it earned a...

Wix.com press release ( NASDAQ: WIX ): Q4 Non-GAAP EPS of $0.61 beats by $0.51 . Revenue of $355M (+6.0% Y/Y) beats by $3.12M . Total revenue on a y/y constant currency basis was $361.4M, up 8% y/y. Total bookings in the fourth quarter of 2022 were $371.8M, up 6% y...

Wix Reports Fourth Quarter and Full Year 2022 Results PR Newswire Finished 2022 ahead of guidance, with total revenue of $355.0 million in the fourth quarter, up 6% y/y; total revenue was $361.4 million and up 8% y/y on a constant currency basis Q4'22 was the most ...