Wix.com (WIX) Q2 2023 Earnings Call Transcript Summary
In the recent Wix.com (WIX) Q2 2023 earnings call, the company reported both positive and negative aspects that could impact its future stock price.
Bullish Points:
1. Revenue in Q2 grew to $390 million, above guidance.
2. Generated more than $49 million of free cash flow or 13% of revenues, outperforming expectations.
3. Partners' business grew revenue 36% year over year in Q2.
4. Launch of Wix Studio, a significant product release for professionals.
5. AI Site Generator and AI Assistant for Businesses announced.
6. Raising revenues and free cash flow outlook for the full year.
7. On the path to achieving the Rule of 40 in 2025.
8. Partners' revenue growth accelerated to 36% year over year.
9. Overall GPV increased 10% year over year to $2.8 billion in Q2.
10. Transaction revenue growth of 21% year over year to more than $44 million.
Bearish Points:
1. Top-of-funnel trends for self-creators not yet back to pre-COVID levels.
2. Uncertainty about the run rate of marketing investment.
3. Challenges in bringing generative AI to market.
For more information about Wix.com's earnings call, you can read the relevant news: [Wix.com (WIX) Q2 2023 Earnings Call Transcript](https://www.fool.com/earnings/call-transcripts/2023/08/03/wixcom-wix-q2-2023-earnings-call-transcript/)
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