Wix funds co-founder as he peels off with 30 employees to build a new development platform. Website building tools like Wix (NASDAQ: WIX) and Squarespace are facing a challenge. Even as they work to integrate AI for better site-building ... Continue ReadingLeave a Comment
Registrar rankings: a strong finish to Q1 for .com domains
· Domain RegistrarsMany registrars showed strong growth in the latest .com registration data. ICANN has published the latest data from Verisign (NASDAQ: VRSN) covering the .com namespace. The data covers March 2025. Here are some takeaways from this month's ... Continue ReadingLeave a Comment
Wix shares plummet after Q1 earnings
· ServicesShares drop after Q1 results and outlook disappoint analysts. Website builder and domain name registrar Wix (NASDAQ: WIX) announced its first quarter earnings today. Shares are down 13% as of 11 am ET. Total revenue in Q1 was $473.7 million, up ... Continue ReadingLeave a Comment
Wix plans layoffs as growth slows
· Domain RegistrarsCompany 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
