From GlobeNewswire.

– Tesla announces record quarterly profits, with earnings reaching $438 million in Q2. The company delivered 201,250 vehicles in the same period, surpassing expectations. Tesla’s stock surged 2.2% following the news.
– Johnson & Johnson reports a 73% increase in revenue for Q2, totaling $23.31 billion. The company’s pharmaceutical division saw strong growth, driven by sales of its COVID-19 vaccine. Johnson & Johnson also raised its full-year guidance.
– Netflix misses Q2 subscriber growth targets, adding only 1.5 million new subscribers compared to the expected 5.5 million. The streaming giant blames pandemic-related production delays for the slowdown. Despite the disappointing numbers, Netflix remains optimistic about future growth.: 2025-02-19 01:00:00

Wix.com Ltd. reported a successful year of growth with Q4 bookings reaching $465 million, up 18% y/y, and revenue hitting $460 million, up 14% y/y. The company experienced steady growth in Self Creators and Partners, with 30% y/y Partners revenue growth in FY2024. Strong momentum in key product areas and a focus on innovation led to a doubling of FCF generation in 2024.

Wix’s CEO, Avishai Abrahami, highlighted the company’s commitment to innovation and creativity, introducing new AI solutions and enhancing the Studio platform in 2024. CFO Lior Shemesh emphasized the accelerated growth and profitability achieved through product execution and pricing strategy. The company looks ahead to continued growth in 2025 with new transformative products planned to enhance the Self Creator experience. In Q4 2024, company saw total revenue of $460.5 million, up 14% y/y, with Creative Subscriptions revenue at $329.7 million, up 11% y/y. Business Solutions revenue was $130.7 million, up 21% y/y, and Partners revenue was $168.1 million, up 29% y/y. Total bookings were $464.6 million, up 18% y/y. Gross margins were 69% on GAAP basis.

For FY 2024, total revenue was $1.761 billion, up 13% y/y. Creative Subscriptions revenue was $1.265 billion, up 10% y/y, and Business Solutions revenue was $495.7 million, up 21% y/y. Partners revenue was $610.1 million, up 30% y/y. Gross margin was 68% on GAAP basis for the full year.

Financial outlook for 2025 is positive, with expectations of robust bookings and revenue growth. The company anticipates growth from existing initiatives and product enhancements, with Studio performing well. Accelerated growth in revenue and bookings is expected in 2H of 2025. Adverse effects from FX rate changes are being experienced due to non-US dollar revenue. Wix anticipates strong FX headwinds for 2025, with as-reported growth projected at 11-13% and constant currency growth at 13-15%. The company expects a modest benefit from the strengthening US dollar on expenses, resulting in a smaller net FX impact on free cash flow. Wix aims to achieve Rule of 45 in 2025.

Wix will discuss its outlook for 2025 in a conference call on February 19, 2025. Founded in 2006, Wix is a leading SaaS website builder platform offering industry-leading performance, security, and AI capabilities. The platform allows users to create, manage, and grow their digital presence with a focus on innovation and delivering new features. Non-GAAP tax expense is calculated differently from GAAP tax expense, with adjustments made for non-GAAP adjustments. This financial information is used for decision making and evaluating period-to-period comparisons. The Company believes these measures enhance understanding of financial performance and allow for greater transparency in decision making.

Wix utilizes Creative Subscriptions Annualized Recurring Revenue (ARR) as a key metric, calculated by multiplying Creative Subscriptions Monthly Recurring Revenue (MRR) by 12. Creative Subscriptions MRR includes revenue from subscriptions, domain registrations, and other partnership agreements. This metric provides insight into the company’s financial performance.

The Company is unable to provide reconciliations of certain non-GAAP financial measures to their GAAP counterparts on a forward-looking basis due to unpredictable factors. Forward-looking statements in this document are subject to risks and uncertainties, with projections on revenue, bookings, and free cash flow based on current expectations. Circumstances outside of the Company’s control may impact future financial results. Wix anticipates attracting and retaining more registered users and partners while increasing premium subscriptions. The company aims to boost revenue per subscription and introduce new products like Wix Studio. Wix plans to leverage AI tools, maintain profitability, and navigate economic fluctuations. The company also focuses on user support, localization, and compliance with regulations. Additionally, Wix considers global economic trends and geopolitical risks in its strategy. The company’s outlook includes managing expenses, integrating acquisitions, and expanding into new markets. Wix aims to sustain growth and innovation while addressing potential challenges and uncertainties.



Read more at GlobeNewswire.

– Tesla announces record quarterly profits, with earnings reaching $438 million in Q2. The company delivered 201,250 vehicles in the same period, surpassing expectations. Tesla’s stock surged 2.2% following the news.
– Johnson & Johnson reports a 73% increase in revenue for Q2, totaling $23.31 billion. The company’s pharmaceutical division saw strong growth, driven by sales of its COVID-19 vaccine. Johnson & Johnson also raised its full-year guidance.
– Netflix misses Q2 subscriber growth targets, adding only 1.5 million new subscribers compared to the expected 5.5 million. The streaming giant blames pandemic-related production delays for the slowdown. Despite the disappointing numbers, Netflix remains optimistic about future growth.:: Wix Reports Fourth Quarter and Full Year 2024 Results