JERUSALEM, Feb 19 (Reuters) - Wix.com ( WIX ), which
helps small businesses build and run websites, beat
fourth-quarter net profit expectations on Wednesday and said its
artificial intelligence and Studio products for designing
websites will help it reach revenue of $2 billion in 2025.
The Israeli company's earnings were $1.93 per diluted share,
excluding one-time items, up from $1.22 per share a year
earlier. Revenue for the October-December quarter grew 14% to
$460.5 million, with sales from partners such as agencies and
freelancers up 29%.
The company's Nasdaq-listed shares, up 6.2% so far in 2025
after a 74% jump in 2024, were up 6% in pre-market trading to
$242.
Analysts expected Wix to earn $1.59 per share, excluding
one-time items on revenue of $461.75 million, LSEG data showed.
Wix forecast 2025 revenue of $1.97-$2.0 billion, for annual
growth of up to 16%, noting it expects "almost no contribution
from new products" in 2025. It expects first-quarter revenue of
$469-$473 million, up 13-14%.
In 2024, Wix's revenue rose 13% to $1.76 billion.
"AI gives us another way to (build websites) in a very, very
effective manner," Nir Zohar, chief operations offer at Wix,
told a news conference, adding it would drive further success in
the next years.
The company had more than 282 million registered users
at the end of 2024, 6.2 million of them premium subscriptions.
"A website today is not what a website used to be 15
years ago," Zohar said. "People today really use their websites
as a full-on extension of their business capabilities."
Wix said it completed a $200 million share repurchase plan
in January, bringing the total repurchases since August 2023
to$725 million. Zohar said he expected more buybacks.