Capping off a year of sustained growth acceleration and stronger than expected FCF generation – surpassing Rule of 40 in 2024 and on track to achieve Rule of 45 in 2025
Culminated a year of accelerated growth and innovation with Q4 bookings of $465 million, up 18% y/y, and Q4 revenue of $460 million, up 14% y/y
Steady growth acceleration in Self Creators coupled with continued strength in high-growth Partners, demonstrated by Partners revenue growth of 30% y/y in FY2024
Strong momentum across key product focus areas, including Studio, AI and commerce as well as solid business fundamentals and price increase benefit
Robust growth and a stable operating cost base drove FCF1 generation to nearly double in 2024 compared to previous year, resulting in continued profitability improvement with Q4 FCF margin of 29% and full year FCF1 margin of 28%
Achieved first year of positive GAAP operating income in Wix history
On track to achieve Rule of 45 in 2025 at high end of outlook through continued innovation-powered growth and further FCF margin expansion
Completed $200 million share repurchase plan in January, totaling $725 million in aggregate repurchases since August 2023
View the full earnings release here: https://www.globenewswire.com/news-release/2025/02/19/3028457/0/en/Wix-Reports-Fourth-Quarter-and-Full-Year-2024-Results.html
