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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


Wix Reports Third Quarter 2024 Results

Nov 20 2024

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1 min read

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