Wix today announced that it has completed $300 million in share repurchases, which received court approval in December 2023 and is part of the authorization by its Board of Directors approved in August 2023.
The Company repurchased 2,401,695 outstanding Wix ordinary shares, representing approximately 4% of total shares outstanding, at an approximate volume-weighted average price per share of $124.91.
Pursuant to its Board of Directors' authorization of share repurchases of 50% of projected free cash flow through 2025 (excluding costs associated with the Company's new headquarters office build out), Wix is in the process of pursuing the necessary approvals for $225 million in additional share repurchases.
Investor Relations: ir@wix.com