Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Wix.com Clocks 6% Revenue Growth In Q4 Backed By Notable Releases Including AI Text Creator

Wix.com Ltd (NASDAQ:WIX) reported fourth-quarter FY22 revenue growth of 6% year-on-year to $355.04 million, beating the consensus of $351.98 million.…
byAnusuya Lahiri
February 22, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Wix.com Ltd (NASDAQ:WIX) reported fourth-quarter FY22 revenue growth of 6% year-on-year to $355.04 million, beating the consensus of $351.98 million.
  • Segments: Creative Subscription revenue increased 8% Y/Y to $265.3 million. The Creative Subscriptions bookings grew by 7% Y/Y to $281.8 million.
  • Creative Subscriptions ARR was $1.08 billion, up 7% Y/Y.
  • Business Solutions’ revenue rose 3% to $89.8 million, and the bookings jumped 3% Y/Y to $90 million.
  • The non-GAAP gross margin expanded by 300 bps to 65%.
  • Non-GAAP EPS of $0.61 beat the consensus of $0.09.
  • Wix.com generated $38.6 million in free cash flow and held $1.08 billion in cash and equivalents.
  • “We released hundreds of new products and features throughout 2022 to improve our platform for self creators and partners. Among the most notable releases this year were Wix Blocks for developers, our new Wix Editor, Wix Portfolio and our new AI Text Creator,” said Avishai Abrahami, Wix Co-founder and CEO. 
  • Outlook: Wix.com sees Q1 revenue of $367 million – $371 million, up 7% – 9% Y/Y. 
  • The company expects FY23 revenue of $1.510 billion – $1.535 billion, up 9% – 11% Y/Y. 
  • Price Action: WIX shares closed lower by 5.3% at $80.87 on Tuesday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

AYR Wellness Improves Financial Position YoY, Q1 Revenue And Gross Profit In Anticipation Of OH, FL And PA Cannabis Market Launches

By Jelena Martinovic
May 15, 11:31 AM
Cannabis multi-state operator AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) reported on Wednesday the first quarter financial results for the three months ended March 31, 2024."2024 continues to be about execution for AYR, furthering the progress we made in 2023 by focusing on improving product quality and consistency, building a loyal retail customer base, rebuilding our CPG brand platform, and continuing to prioritize cost controls," David Goubert, president & CEO of AYR, said.

AYRWF