Q: What is Wix.com (WIX) Q2 2024 Earnings Call Transcript Summary?
**Wix.com (WIX) Q2 2024 Earnings Call Summary**
**Bullish Points:**
1. Finished the first half of 2024 with excellent Q2 results.
2. Year-over-year bookings growth of 15%, a significant acceleration from the 10% in Q1.
3. Generated 12% revenue growth, exceeding the top end of guidance.
4. Strong reception and performance of key product initiatives.
5. Outstanding results from Wix Studio with new features and enhancements.
6. Positive feedback on the Figma plug-in and increased studio subscription purchases.
7. Released 17 AI business assistants with positive feedback and more to come.
8. Launched AI creation capabilities for mobile app builder and new AI features for blogs.
9. Commerce business transaction revenue grew 21% year over year.
10. Take rate increased to a record 1.68%, with the largest quarter-over-quarter improvement in recent years.
**Bearish Points:**
1. FX volatility materialized in late Q2 and continued into early Q3.
2. Building more conservatism into the outlook due to macro unpredictability related to payments.
3. General conservatism in guidance due to macroeconomic factors and FX volatility.
4. Uncertainty about specific macroeconomic impacts in the third and fourth quarters.
For more information about Wix.com's earnings call, you can read the relevant news: Wix.com (WIX) Q2 2024 Earnings Call Transcript
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
