Wix.Com Ltd (OQ:WIX)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| Company Contact | |
| Address: | 40 Namal TEL AVIV-YAFO 6701101 |
| Tel: | N/A |
| Website: | https://www.wix.com |
| IR: | See website |
| Key People | ||
| Nir Zohar President, Chief Operating Officer | Avishai Abrahami Co-founder, Chief Executive Officer, Director and Honorary Chairman | Lior Shemesh Chief Financial Officer |
| Shelly Meyer Chief People Officer | Yaniv Even-Haim Chief Technology Officer | Omer Shai Chief Marketing Officer |
| Business Overview |
| Wix.com Ltd. is an Israel-based company engaged in the provision of a website building platform. The website building platform belonging to the Company enables businesses and organizations to take their businesses, brands, and workflow online. The Company provides solutions that business owners can use to incorporate various aspects of their business on their websites, such as selling goods, making reservations, and scheduling and confirming appointments. The Company provides front-end solutions, as well as a back-end management dashboard. The Company has developed software applications for businesses in specific verticals, including retail and online stores, service providers, hotel and property management, music, and restaurants. These vertical applications are integrated into the Company's Website templates or can be installed on any existing Website and set up by the user without the need to write code. |
| Financial Overview |
| For the three months ended 31 March 2024, Wix.Com Ltd revenues increased 12% to $419.8M. Net income totaled $24M vs. loss of $10.4M. Revenues reflect Creative Subscriptions increase of 9% to $304.3M, Business Solutions increase of 20% to $115.5M. Net Income reflects Impairment, restructuring and other cost decrease from $25.3M (expense) to $0K, Other income increase from $57K to $211K (income). |
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