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Dec 31, 2024
Wix Q4 2024 Earnings Report
Wix achieved strong revenue growth and reported its first-ever positive GAAP operating income.
Key Takeaways
Wix delivered a solid Q4 2024, with revenue growing 14.01% YoY to $460,455,000, driven by Creative Subscriptions and Business Solutions. The company reported a net income of $48,024,000 and achieved its first-ever positive GAAP operating income. Free cash flow nearly doubled YoY, highlighting operational efficiencies.
Total revenue increased 14.01% YoY to $460,455,000.
Net income surged to $48,024,000 from $2,954,000 a year ago.
Free cash flow nearly doubled, reaching $131,773,000.
Wix achieved its first-ever positive GAAP operating income.
Wix
Wix
Wix Revenue by Segment
Revenue by Segment
Creative Subscriptions Revenue
CapyFin.comBusiness Solutions Revenue
CapyFin.com Forward Guidance
Wix expects continued revenue and free cash flow growth in 2025, driven by AI adoption, new product launches, and operational efficiencies. However, FX headwinds may impact top-line performance.
Positive Outlook
- Revenue guidance for FY25 at $1.97B - $2.00B, up 12-14% YoY.
- Free cash flow expected to grow to $590M - $610M (30-31% margin).
- AI-driven innovations and Wix Studio enhancements to drive growth.
- Strategic pricing initiatives expected to improve margins.
- Stable demand environment supporting ongoing revenue acceleration.
Challenges Ahead
- FX headwinds expected to impact revenue growth by ~$34M.
- Bookings growth in early 2025 may slow as pricing tailwinds lap.
- Macroeconomic uncertainties could affect demand in some markets.
- Increased investments in new product launches may pressure near-term margins.
- Potential risks from competitive AI-driven website builders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income