From Financial Modeling Prep: 2024-11-21 06:23:00

Wix.com (NASDAQ:WIX) shares surged 14% after beating Q3 earnings expectations and raising full-year guidance. Q3 adjusted EPS was $1.50, higher than the $1.44 forecast. Revenue hit $444.7 million, slightly above the $443.97 million estimate. Bookings grew 16% to $449.8 million, driven by Studio product adoption and AI innovations.

75% of new partner bookings came from Studio accounts. Wix now projects full-year 2024 revenue to be $1.757 billion to $1.764 billion, up from $1.747 billion to $1.761 billion. Year-end bookings growth could reach 18%.



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