Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H

• Meaningful bookings growth acceleration with total bookings of $458.4 million, up 15% y/y, as a result of strong Wix Studio uptake, benefits from growing AI capabilities and commerce platform expansion as well as positive response to the price increase implemented earlier this year

• Bookings growth accelerated across both Self Creators and Partners

• Continue to expect bookings growth acceleration to 16% y/y in 2H at the high end of full year guidance range

• Total revenue of $435.7 million exceeded expectations, up 12% y/y, driven by strong Partners growth of 29% y/y

• Record take rate of 1.68%, driven by transaction revenue growth of 21% y/y as we added a new payment partner to Wix Payments

• Continued margin expansion with Q2 FCF1 margin of 27%, driven by additional operating leverage

• High end of increased full year FCF1 outlook positions us to achieve the Rule of 40 milestone this year, one full year ahead of plan

View the full Press Release here: https://www.prnewswire.com/news-releases/wix-reports-second-quarter-2024-results-302216281.html