Wix.com (WIX) Tops Q2 EPS by 28c
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Wix Reports Second Quarter 2022 Results
August 10, 2022 1:00 AM EDTTotal revenue of $345.2 million, up 9% y/y, and $349.0 million on a constant currency basis, up 11% y/yTotal bookings of $354.6 million, up 3% y/y, and $365.2 million on a constant currency basis, up 7% y/yPartners continue to turn to the Wix platform, resulting in partners revenue of $84.9 million or 25% of total revenue, up 31% y/y and representing a two year CAGR of 56%Cost reduction plan expected to generate approximately $150 million of annualized cost savings and accelerate margin expansionLaunched a new Wix Editor experience, combining AI capabilities with new advanced... More
