Q: What is Wix.com (WIX) Q3 2024 Earnings Call Transcript Summary?

TigerGPT Answer:

Wix.com (WIX) Q3 2024 Earnings Call Transcript

Here are the specific viewpoints from the earnings call:

Bullish Points:

1. We are happy to report another consecutive quarter of accelerating growth.

2. Year-over-year bookings growth of 16% in the third quarter.

3. AI-powered solutions and Wix studio have been game-changers in our user onboarding strategy.

4. More than 50% of new users are choosing to create their online presence through our AI-powered onboarding process.

5. Tests in our most recent self-creator cohort showed a 13% uplift in conversion rate from our AI onboarding tool.

6. We now have a total of 29 AI assistants spanning a wide range of use cases to support users.

7. Partners revenue growth accelerating to 30% year over year.

8. Q3 free cash flow totaled $128 million or 29% of revenue.

9. Total revenue was driven by accelerating growth across both self creators and partners businesses.

10. Partners growth accelerated to 30% year over year this quarter, finishing at $155 million.

11. Transaction revenue growth to accelerate to 23% year over year.

12. Non-GAAP operating margin remained strong at 20% of revenue.

13. Achieving the Rule of 40 one year earlier than anticipated showcases the tremendous efforts of our team.

Bearish Points:

None reported.

For more information about Wix.com(WIX)'s earnings call, you can read the relevant news: Wix.com (WIX) Q3 2024 Earnings Call Transcript

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