Company announces cost cuts as demand returns to pre-pandemic levels. Website building platform Wix (NASDAQ: WIX) announced a cost reduction plan that includes layoffs today along with its Q2 earnings. The company said that demand, which shot up ... Continue ReadingLeave a Comment
Wix shares dip after earnings report
· Domain RegistrarsCompany faces headwinds and major loss on Monday.com equity. Shares in website building platform Wix (NASDAQ: WIX) were off over 3% this morning after the company reported earnings. The company reported total revenue in Q1 2022 of $341.6 ... Continue ReadingLeave a Comment
Wix and Squarespace stocks plummet after weak earnings report
· Domain RegistrarsInvestors send shares into freefall after Wix shows slowing growth. Website builder Wix (NASDAQ: WIX) reported earnings today, and the disappointment sent its stock and rival Squarespace's (NYSE: SQSP) stock into a tailspin. Shares in Wix are down ... Continue Reading2 Comments
Why Wix’s stock dropped after today’s earnings report
· Domain RegistrarsStock drops after company posts another loss due to increased ad spend. Earlier this week, I wrote about how web presence companies like Wix and GoDaddy are ramping up advertising to capture increased demand for web building platforms during the ... Continue ReadingLeave a Comment
Website Boom: Wix quantifies massive demand for websites due to Covid
· Domain RegistrarsPeople are creating websites in droves. Website building platform Wix (Nasdaq: WIX) reported first quarter earnings today. It had a solid first quarter, but things got really interesting in April. As domain name companies can attest, there has been ... Continue Reading12 Comments
Wix: here’s what Covid-19 is doing to website creation
· Domain RegistrarsThe pandemic has forced companies to expedite their transition online. Wix (NASDAQ: WIX) is one of the largest website builder platforms. The company sent a letter to shareholders (pdf) today explaining the impact Covid-19 is having on its ... Continue ReadingLeave a Comment
Wix now has 4.5 million paying subscribers
· ServicesWix's paying subscriber base inches forward in Q4. Website builder Wix (NASDAQ: WIX) reported Q4 and full-year 2019 earnings today. The company posted revenue of $204.6 million for the quarter and $761.1 million for 2019. That's up 25% and 26% ... Continue Reading2 Comments
Wix nets 180k paying subscribers in Q1
· ServicesWix adds fewer paying customers in Q1 compared to a year ago. Website builder Wix (NASDAQ: WIX) added a net 180,000 paying customers in Q1 2019, the company reported in its earnings release today. That brings the total to 4.2 million. By comparison, ... Continue ReadingLeave a Comment
Wix returns to Super Bowl with Karlie Kloss ad
· Domain RegistrarsWebsite builder makes last-minute ad buy for Sunday's Super Bowl LIII. Website builder and domain name company Wix (NASDAQ: WIX) will have a commercial in this year's Super Bowl, making it five Super Bowls in a row for the company. It was a last minute ... Continue Reading1 Comment
Wix adds 177k paying customer in Q3, revenue up 40% YoY
· UncategorizedWebsite builder is also getting into the payments business. Wix (NASDAQ: WIX) released Q3 2018 earnings yesterday. Revenue hit $155.6 million, up 40% year-over-year. The company added 177,000 paying subscribers during the quarter, bringing its total ... Continue ReadingLeave a Comment