Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18%

• Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentals

• Strengthening tailwinds from key AI innovations – notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI-powered user onboarding tool 

• Total revenue grew to $444.7 million, up 13% y/y, driven by accelerating growth across both Self Creators and Partners

• FCF margin expanded ~170 bps sequentially to 29% in the third quarter, driven by bookings strength and continued operating leverage

• Raising full year bookings, revenue and FCF guidance 

  • Expect to achieve 2H bookings growth of 17% y/y vs. 16% previously anticipated and exit the year at 18% y/y bookings growth at high end of guide

• Ample room for further growth acceleration and continued margin expansion in 2025

View the full press release here: https://www.globenewswire.com/news-release/2024/11/20/2984132/0/en/Wix-Reports-Third-Quarter-2024-Results.html