Q4 2024 Wix.Com Ltd Earnings Call Transcript

Feb 19, 2025 / 01:30 PM GMT

Release Date Price: $217 (-4.73%)

Transcript

Key Points

Positve

Wix.com Ltd (WIX) achieved the 'Rule of 40' milestone a year ahead of schedule, showcasing strong execution and commitment.
Bookings growth was impressive at 18% year over year, driven by the self-creators business and strong partner momentum.
Partners' revenue grew by 30% year over year, reflecting success in capturing the professional market.
The AI website builder has been a significant driver of conversion and purchase behavior, with over 1 million sites created.
The company reported its first year of positive GAAP operating income, marking a significant financial milestone.

Negative

There was a modest negative FX impact in Q4 due to elevated FX volatility, affecting bookings and revenue.
Transaction revenue was lower than expected in Q4 due to situational GPV headwinds and FX impacts.
The company is not modeling double-digit growth for self-creators in 2025, indicating potential challenges in this segment.
There is a significant FX headwind anticipated for 2025, impacting the financial outlook.
Despite strong performance, the net subscriber growth has been deemphasized as a KPI, which may concern some investors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WIX.OQ - Wix.Com Ltd
Q4 2024 Wix.Com Ltd Earnings Call
Feb 19, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the week's 4th quarter and full year earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being being recorded. I would not like to end the conference over to your speaker today. Emililu, please go ahead.

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Unidentified_2 [2]
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