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  • Wix News Room
  • 6 hours ago
  • 1 min read
  • Meaningful improvement in business fundamentals driving confidence in 2H y/y bookings and revenue growth acceleration

    • Q2 new cohort bookings grew 14% y/y and new cohorts continue to pick up momentum with new cohort bookings exiting July achieving 20%+ y/y growth 

    • Top of funnel strength compounded by improved y/y conversion across key markets, including the U.S., U.K., and Europe

  • Milestone acquisition of Base44 significantly expands Wix’s total addressable market opportunity to include application development, with the Wix ecosystem a natural complement to vibe coding broadly 

    • Driven by tremendous demand, Base44 is on track to reach $40 to $50 million of ARR by year-end as it accelerates towards the $100 million of ARR milestone 


How to Leverage AI to Drive Sustained eCommerce Growth for your team in 2024 → Oren Inditzky

May 16 2023

• 

5 min read

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