Wix Reports Third Quarter 2024 Results

Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration - now expect to exit 2024 with y/y bookings growth of 18% Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentalsStrengthening tailwinds from key AI innovations - notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI-powered user onboarding toolTotal revenue grew to $444.7 million, up 13% y/y, driven by accelerating growth across both Self Creators and PartnersFCF margin expanded ~170 bps sequentially to 29% in the third quarter, driven by bookings strength and continued operating leverageRaising full year bookings, revenue and FCF guidance Expect to achieve 2H bookings growth of 17% y/y vs. 16% p...