Wix.com Reports Q3 2024 Results

Ticker: WIX · Form: 6-K · Filed: 2024-11-20T00:00:00.000Z

Sentiment: neutral

Topics: earnings, results, 6-K

Related Tickers: WIX

TL;DR

WIX dropped Q3 results Nov 20, check the 6-K for performance.

AI Summary

Wix.com Ltd. (NASDAQ: WIX) filed a Form 6-K on November 20, 2024, to report its third quarter 2024 results. The filing includes a press release detailing the company's financial performance for the period ending September 30, 2024.

Why It Matters

This filing provides investors with the latest financial performance data for Wix.com, crucial for understanding the company's current business health and future prospects.

Risk Assessment

Risk Level: low — This is a routine earnings report filing, not indicating any unusual or immediate risks.

Key Players & Entities

FAQ

What specific financial metrics were highlighted in the Q3 2024 results press release?

The filing states that Wix.com Ltd. issued a press release titled 'Wix Reports Third Quarter 2024 Results', but the specific metrics are not detailed within this Form 6-K document itself, requiring reference to Exhibit 99.1.

What is the significance of filing a Form 6-K?

A Form 6-K is a report of foreign private issuers that provides information which the company has made or is required to make public pursuant to the laws of its home country or that it has filed or will file with a stock exchange.

When was the press release regarding Q3 2024 results issued?

The press release was issued on November 20, 2024.

What is Wix.com Ltd.'s primary stock exchange listing?

Wix.com Ltd. is listed on NASDAQ under the ticker symbol WIX.

Does Wix.com Ltd. file annual reports under Form 20-F?

Yes, the filing indicates with a checkmark that Wix.com Ltd. files annual reports under Form 20-F.

From the Filing

0001628280-24-048595.txt : 20241120 0001628280-24-048595.hdr.sgml : 20241120 20241120075509 ACCESSION NUMBER: 0001628280-24-048595 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20241120 FILED AS OF DATE: 20241120 DATE AS OF CHANGE: 20241120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wix.com Ltd. CENTRAL INDEX KEY: 0001576789 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36158 FILM NUMBER: 241478304 BUSINESS ADDRESS: STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV STATE: L3 ZIP: 000000 BUSINESS PHONE: 97235454900 MAIL ADDRESS: STREET 1: 5 YUNITSMAN ST. CITY: TEL AVIV STATE: L3 ZIP: 000000 FORMER COMPANY: FORMER CONFORMED NAME: Wixpress Ltd. DATE OF NAME CHANGE: 20130513 6-K 1 wix-6xkxthirdquarter2024.htm 6-K Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2024 Commission File Number: 001-36158 Wix.com Ltd. (Translation of registrant’s name into English) 5 Yunitsman St., Tel Aviv, Israel, 6936025 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ EXPLANATORY NOTE On November 20, 2024, Wix.com Ltd. (NASDAQ: WIX) issued a press release titled “Wix Reports Third Quarter 2024 Results”. A copy of this press release is attached to this Form 6-K as Exhibit 99.1 . SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: November 20, 2024 WIX.COM LTD. By: /s/ Naama Kaenan Name: Naama Kaenan Title: General Counsel EXHIBIT INDEX The following exhibit is filed as part of this Form 6-K: Exhibit Description 99.1 Press release dated Nove mber 20, 2024 titled “Wix Reports Third Quarter 2024 Results”. EX-99.1 2 thirdquarter2024results.htm EX-99.1 Document Exhibit 99.1 Wix Reports Third Quarter 2024 Results Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18% • Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentals • Strengthening tailwinds from key AI innovations – notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI-powered user onboarding tool • Total revenue grew to $444.7 million, up 13% y/y, driven by accelerating growth across both Self Creators and Partners • FCF margin expanded ~170 bps sequentially to 29% in the third quarter, driven by bookings strength and continued operating leverage • Raising full year bookings, revenue and FCF guidance ◦ Expect to achieve 2H bookings growth of 17% y/y vs. 16% previously anticipated and exit the year at 18% y/y bookings growth at high end of guide • Ample room for further growth acceleration and continued margin expansion in 2025 NEW YORK, November 20, 2024 -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform 1 , today reported financial results for the third quarter of 2024. In addition, the Company provided its outlook for the fourth quarter and an updated outlook for full year 2024. Please visit the Wix Investor Relations website at https://investors.wix.com to view the Q3'24 Sharehol

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