Software companies don't die easily. And neither do Zombies.Today, companies large and small are asking questions like “how should I balance growth vs profitability” or “what metrics will it take to raise my next round.” These are all important questions, but not THE question. THE question should always be “what’s my right to exist over the next 5-10 years - and how will I drive incremental enterprise value in that timeframe.” This is the existential question. I get it’s two questions not one, but they’re related :)Today, unfortunately, the private markets are flooded with companies that might not have a right to exist in 5-10 years. More and more of my conversations with other venture investors include some form of “what’s going to happen to all the zombie private companies?!” What’s a zo
Q: What is Wix.com (WIX) Q2 2024 Earnings Call Transcript Summary?
TigerGPT Answer: **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
$Shopify(SHOP)$$Amazon.com(AMZN)$$eBay(EBAY)$$Wix.com(WIX)$ 🚰🏊🤿🛒🛍️ Shopify Showdown: Will It Soar or Sink? 🛒🛍️💥‼️🚨 Kia ora Tiger traders, If you're eyeing $SHOP, it's time to put your seatbelt on! We're witnessing a wild ride within a downward channel on the 4-hour chart. The stock is under selling pressure and could test the $58.8 level soon. 🛑 📉 Key Levels: - Resistance: $61 (must hold for a bullish outlook) - Support: $58.8 (critical test level) - Other Notables: $67.17 (daily top), $64.47 (mid-range resistance), $60.98 (daily bottom) 💬 Analyst Ratings for Shopify: - Buy: 15% - Hold: 55% - Sell: 30% 🔍 Trend An
First Look at April QuartersHeading in to last week, software earnings have not been good. Last week, we got a first look at companies reporting with April quarter ends (so we got the benefit of one incremental month of data). Perhaps we’d see a positive shift? Unfortunately, that didn’t happen… The Workday earnings call summarized it well:“But within the quarter, we experienced increased deal scrutiny as compared to prior quarters, and we are seeing customers committing to lower headcount levels on renewals compared to what we had expected. We expect these dynamics to persist in the near term, which is reflected in our revised FY '25 subscription revenue guidance. While we can't control the macro, we are focusing on what's in our control, and that is innovation, scaling our go-to-market a
Q: What is Wix.com (WIX) Q1 2024 Earnings Call Transcript Summary?
TigerGPT Answer: Here are the specific viewpoints from earnings call Bullish Points: 1. Strong start to 2024 with momentum from the previous year. 2. Exceeded expectations in bookings and revenue. 3. Record free cash flow of more than $111 million. 4. Improving business fundamentals driving growth. 5. Successful launch of AI Website Builder with hundreds of thousands of sites created. 6. Positive feedback and high utilization of new AI products. 7. Better conversions into premium subscriptions due to AI capabilities. 8. Over 1 million Studio accounts created, indicating market share growth. 9. High conversion rate of Studio accounts into premium subscriptions. 10. Strong performance from new and existing user cohorts. Bearish Points: 1. Non-GAAP sale
Wix.com Ltd.: A Story Of Product Enhancements & Innovations Fueled by AI! - Major Drivers
⬆ $Wix.Com Ltd(WIX)$ - Wix reported strong Q4 2023 earnings underpinned by its pivot to AI innovation. 2023 was a year of significant progress for the firm as it... Continue reading on Smartkarma:- https://www.smartkarma.com/insights/wix-com-ltd-a-story-of-product-enhancements-innovations-fueled-by-ai-major-drivers?utm_source=tiger_community By Baptista Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/baptista-research?utm_source=tiger_community On Wix.Com Ltd (WIX):- https://www.smartkarma.com/entities/wix-com-ltd?utm_source=tiger_community
Q: What is Wix.com (WIX) Q4 2023 Earnings Call Transcript Summary?
TigerGPT Answer: Here are the specific viewpoints from the earnings call: Bullish Points: 1. Maintained leadership position as the go-to web creation platform. 2. Grew market share with best-in-class innovation. 3. Executed successfully on key initiatives and achieved strong growth with record profitability. 4. Positioned to accelerate growth in 2024, exceeding three-year plan targets. 5. Proven to be an AI leader with a significant toolkit of AI capabilities. 6. AI technology expected to be a significant driver of growth. 7. Introduction of Wix Studio, a successful product for agencies and freelancers. 8. Partners' revenue growing nearly 40% year over year. 9. Strong cohort behavior demonstrating solid business fundamentals. 10. Improved conversion
Wix.com Ltd.: Initiation of Coverage – Business Strategy
⬆ $Wix.Com Ltd(WIX)$ - This is our first report on Wix, the popular website creation platform. Furthermore, the financial period recorded over $62 million of free cash... Continue reading on Smartkarma:- https://www.smartkarma.com/insights/wix-com-ltd-initiation-of-coverage-business-strategy?utm_source=tiger_community By Baptista Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/baptista-research?utm_source=tiger_community On Wix.Com Ltd (WIX):- https://www.smartkarma.com/entities/wix-com-ltd?utm_source=tiger_community
Q: What is Wix.com (WIX) Q3 2023 Earnings Call Transcript Summary?
TigerGPT Answer: In the recent Wix.com (WIX) Q3 2023 earnings call, the company presented both bullish and bearish points that could impact its future stock price. Bullish Points: 1. Revenue in Q3 grew to $394 million, which is $3 million above the high end of our guidance. 2. Generated more than $62 million of free cash flow, or 16% of revenues, ahead of expectations. 3. Raising revenue and free cash flow guidance for the year. 4. Wix Studio and AI expected to be primary growth engine going into 2024 and beyond. 5. Partners business was a meaningful driver of strong top-line performance in Q3, growing 38% year over year. 6. Wix Studio has received incredible reception, feedback, and early KPIs. 7. Thousands of Studio sites are live and actively gen
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
Top Calls on Wall Street: Apple, PacWest Bancorp, Western Alliance, Berkshire Hathaway, Qualcomm and More
Here are Thursday’s biggest calls on Wall Street:Bank of America moves to a no rating on Western AllianceBank of America said it’s moving to a no rating on shares of the regional bank, noting Western Alliance is caught in a “negative feedback loop.”“We believe that WAL, and the broader regional banking group, are caught in a negative feedback loop driven by steep sell-off in stock prices that are feeding into deposit attrition fears.Raymond James upgrades Wix.com to outperform from market performRaymond James said in its upgrade of Wix.com that it sees strong margins for the website developer.“Our upgrade is based on: 1) We expect continued steady bookings and revenue growth in 2023 (~10%) with continued strength in revenue/ subscriber. Additionally, we expect sub growth comps to ease in 2
Wix surged in afterhours Friday after activist investor Starboard Value reportedly took a 9% stake in the web development company, and held talks on ideas to improve performance. Wix.Com (NASDAQ:WIX) was up more than 5% in afterhours trading following the news. Starboard backs WIX's plans to become profitable and believes there is a significant opportunity for margin improvement, Reuters reported, citing unnamed sourcesThe web development company has struggled to sustain the growth it enjoyed during the pandemic, when users were desperate to digitize their businesses. But demand has waned as global economics reopened. Its share price is down about 54% year to date
Wix.com Ltd., together with its subsidiaries, develops and markets a cloud-based platform that enables to create a website or web application in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; Wix ADI that enables users to create a website for their specific needs. It also provides Wix Logo Maker that allows users to generate a logo using artificial intelligence; Wix Answers, a support infrastructure enabling its users to help their users across various channels; and Wix Payments, a payment platform, which helps its users receive payments from their users through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online. Further, it provides a range of complementary services, including App Market that offers its registered users the ability to install and uninstall a range of free and paid web applications; Wix marketplace that brings users seeking help in creating and managing a website, together with Web experts; and Wix owner App, a native mobile application, which enables users to manage their Websites and Wix operating systems. The company was formerly known as Wixpress Ltd. and changed its name to Wix.com Ltd. The company was incorporated in 2006 and is headquartered in Tel Aviv, Israel.