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Wix plans layoffs as growth slows

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 during the pandemic, has receded to pre-Covid levels. This echoes what other companies in the space, including […]

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Wix shares dip after earnings report

Company 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 million, up 14% year over year. That was within the company’s guidance of $338-$343 million. Total bookings […]

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Wix and Squarespace stocks plummet after weak earnings report

Investors 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 about 25%, and Squarespace is off nearly 20% as of 11:30 ET. Total Wix revenue last year […]

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Website Boom: Wix quantifies massive demand for websites due to Covid

People 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 a boon in people registering domains and creating websites due to the Covid pandemic. In April […]

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Wix now has 4.5 million paying subscribers

Wix’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% year-over-year, respectively. Collections, which is basically a measure of cash receipts, hit $226.7 million in […]

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Wix nets 180k paying subscribers in Q1

Wix 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, it added 231,000 net paying customers in Q1 2018 and 147,000 in […]

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Wix returns to Super Bowl with Karlie Kloss ad

Website 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 ad buy so it is repurposing a previous ad with […]

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Wix adds 177k paying customer in Q3, revenue up 40% YoY

Website 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 to 3.8 million. 5.5 million users registered with Wix during the quarter. Wix converts some of these registered users […]

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