Wix.com Ltd. Reports Q4 and Full Year 2024 Results

TL;DR

WIX dropped Q4 and FY24 results on 2/19/25. Check the 6-K for details.

AI Summary

Wix.com Ltd. reported its fourth quarter and full year 2024 results on February 19, 2025. The company, listed on NASDAQ under the ticker WIX, is a foreign private issuer filing a Form 6-K. The filing includes a press release detailing these financial results.

Why It Matters

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

Risk Assessment

Risk Level: low — This is a routine financial results disclosure, not indicating any new or unusual risks.

Key Players & Entities

• Wix.com Ltd. (company) — Registrant
• NASDAQ (company) — Stock Exchange
• WIX (company) — Ticker Symbol
• February 19, 2025 (date) — Date of Press Release
• 2024 (date) — Fiscal Year

FAQ

From the Filing

0001628280-25-006216.txt : 20250219 0001628280-25-006216.hdr.sgml : 20250219 20250219072410 ACCESSION NUMBER: 0001628280-25-006216 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250219 DATE AS OF CHANGE: 20250219 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: 25637176 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-6xkxfourthquarterandfu.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 February 2025 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 February 19, 2025, Wix.com Ltd. (NASDAQ: WIX) issued a press release titled “Wix Reports Fourth Quarter and Full Year 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: February 19, 2025 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 February 19 , 202 5 titled “Wix Reports Fourth Quarter and Full Year 202 4 Results”. EX-99.1 2 fourthquarterandfullyear20.htm EX-99.1 Document Exhibit 99.1 Wix Reports Fourth Quarter and Full Year 2024 Results Capping off a year of sustained growth acceleration and stronger than expected FCF generation – surpassing Rule of 40 in 2024 and on track to achieve Rule of 45 in 2025 • Culminated a year of accelerated growth and innovation with Q4 bookings of $465 million, up 18% y/y, and Q4 revenue of $460 million, up 14% y/y ◦ Steady growth acceleration in Self Creators coupled with continued strength in high-growth Partners, demonstrated by Partners revenue growth of 30% y/y in FY2024 ◦ Strong momentum across key product focus areas, including Studio, AI and commerce as well as solid business fundamentals and price increase benefit • Robust growth and a stable operating cost base drove FCF 1 generation to nearly double in 2024 compared to previous year, resulting in continued profitability improvement with Q4 FCF margin of 29% and full year FCF 1 margin of 28% ◦ Achieved first year of positive GAAP operating income in Wix history • On track to achieve Rule of 45 in 2025 at high end of outlook through continued innovation-powered growth and further FCF margin expansion • Completed $200 million share repurchase plan in January, totaling $725 million in aggregate repurchases since August 2023 NEW YORK, February 19, 2025 -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform 2 , today reported financial results for the fourth quarter and full year 2024. In additio