10:28 AM EST, 02/19/2025 (MT Newswires) -- Wix.com ( WIX ) reported stronger-than-expected fourth-quarter earnings on Wednesday, but the Israeli software company's full-year outlook for revenue and bookings came in below market estimates.

The firm, which provides cloud-based web development services, posted adjusted earnings of $1.93 a share for the December quarter, up from $1.22 the year before. The consensus on FactSet was for non-GAAP EPS of $1.59. Revenue advanced 14% year over year to $460.5 million, but was just shy of the Street's view for $461.7 million.

"We wrapped 2024 with accelerated growth and profitability, driven by successful execution of our product roadmap and pricing strategy as well as strong business fundamentals," Chief Financial Officer Lior Shemesh said in a statement. "With (artificial intelligence) usage ramping from our growing suite of innovations and studio continuing to win market share, we anticipate these to be even bigger growth engines in 2025 and beyond."

For the full year 2025, Wix anticipates revenue to be in a range of $1.97 billion to $2 billion, representing annual growth of 12% to 14%. The Street is looking for sales of $2.01 billion. Bookings are pegged at $2.03 billion to $2.06 billion, compared with the $1.83 billion recorded in 2024. The market's forecast is for $2.09 billion.

The company expects top-line contribution from its product enhancements and already launched strategic initiatives to result in accelerated growth in the second half of the current year. It also sees "strong" foreign-exchange headwinds for its full-year guidance, based on rates in late January.

Wix's US-listed shares were down 3.9% in Wednesday's trading session.

In the fourth quarter, total bookings climbed to $464.6 million from $395 million in the prior-year period, ahead of the average analyst estimate of $463.2 million. Revenue from the creative subscriptions segment advanced 11% year over year to $329.7 million, with annualized recurring revenue rising 13%. Business solutions revenue gained 21% to $130.7 million, while partners revenue jumped 29% to $168.1 million.

The company projects revenue of $469 million to $473 million for the ongoing quarter, reflecting a yearly growth of 12% to 13%. The Street is looking for $478.9 million.

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