Wix will release second quarter 2023 results
on August 3, 2023
NEW
YORK, July 18, 2023 /PRNewswire/ -- Wix.com Ltd.
(Nasdaq: WIX), today announced that it will host a two-part virtual
Analyst & Investor Day, consisting of prepared management
presentations on Wednesday, August 9,
2023 and a live Q&A event on Thursday, August 10, 2023. Additionally, Wix will
report its results for the second quarter ended June 30, 2023 on Thursday,
August 3, 2023.
During the virtual Analyst & Investor Day, Wix's management
team and other business leaders will present Wix's newest product
releases, Wix's plans to further incorporate generative AI into its
platform, an updated financial framework and commitment to
achieving the Rule of 40 in 2025, and planned initiatives to
enhance shareholder value.
Prepared video presentations along with accompanying materials
will be available after market close on Wednesday, August 9 on
https://investors.wix.com/.
The live Q&A event accessible through
https://investors.wix.com/ will be held on Thursday, August 10 at 8:30 a.m. ET. Wix management will answer
both live and submitted questions. Upon viewing the prepared
presentations, analysts and investors are encouraged to submit
questions to ir@wix.com.
Virtual Analyst & Investor Day Q&A Details:
What:
|
Analyst & Investor
Day Q&A
|
When:
|
Thursday, August 10,
2023
|
Time:
|
8:30 a.m.
ET
|
Registration:
|
https://www.wix.com/about/investor-relations/event-details/wix-virtual-analyst-investor-day-2023-q-a
|
Prior to the Analyst & Investor Day, Wix will report second
quarter 2023 financial results on Thursday,
August 3, 2023 at 8:30 a.m.
ET. Management will host a conference call and webcast to
answer questions about the Company's financial results. Before the
conference call and webcast, Wix will issue a press release
reporting these results, a shareholder update and additional
materials at https://investors.wix.com/.
Earnings Call Details:
What:
|
Wix Second Quarter
2023 Results Conference Call
|
When:
|
Thursday, August 3,
2023
|
Time:
|
8:30 a.m.
ET
|
Registration
& Replay:
|
https://register.vevent.com/register/BI43da875845cc4cc985840bc36c0cd273
Replay is available for 12 months
|
Live webcasts of the events, replays and accompanying
materials will be available at https://investors.wix.com/.
About Wix.com Ltd.
Wix is a leading platform to create, manage and grow a digital
presence. What began as a website builder in 2006 is now a complete
platform providing users with enterprise-grade performance,
security and a reliable infrastructure. Offering a wide range of
commerce and business solutions, advanced SEO and marketing tools,
Wix enables users to have full ownership of their brand, their data
and their relationships with their customers. With a focus on
continuous innovation and delivery of new features and products,
anyone can build a powerful digital presence to fulfill their
dreams on Wix.
For more about Wix, please visit our Press Room
Investor Relations:
ir@wix.com
Media Relations:
pr@wix.com
Forward-Looking Statements
This release contains forward-looking statements, within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 that involve risks and uncertainties.
Such forward-looking statements may include projections regarding
our future performance, including, but not limited to revenue,
bookings and free cash flow, and may be identified by words like
"anticipate," "assume," "believe," "aim," "forecast," "target"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "outlook," "future," "will,"
"seek" and similar terms or phrases. The forward-looking statements
contained in this release are based on management's current
expectations, which are subject to uncertainty, risks and changes
in circumstances that are difficult to predict and many of which
are outside of our control. Important factors that could cause our
actual results to differ materially from those indicated in the
forward-looking statements include, among others, our expectation
that we will be able to attract and retain registered users and
generate new premium subscriptions, in particular as we
continuously adjust our marketing strategy and as the
macro-economic environment continues to be turbulent; our
expectation that we will be able to increase the average revenue we
derive per premium subscription, including through our partners;
our expectations related to our ability to develop relevant and
required products using Artificial Intelligence ("AI"), the
regulatory environment impacting AI related activities including
privacy and intellectual property aspects, and potential
competition from third-party AI tools which may impact our
business; our expectation that new products and developments, as
well as third-party products we will offer in the future within our
platform, will receive customer acceptance and satisfaction,
including the growth in market adoption of our online commerce
solutions; our assumption that historical user behavior can be
extrapolated to predict future user behavior, in particular during
the current turbulent macro-economic environment; our expectation
regarding the successful impact of our previously announced
Cost-Efficiency Plan and other cost saving measures we may take in
the future; our prediction of the future revenues generated by our
user cohorts and our ability to maintain and increase such revenue
growth, as well as our ability to generate and maintain elevated
levels of free cash flow and profitability; our expectation to
maintain and enhance our brand and reputation; our expectation that
we will effectively execute our initiatives to improve our user
support function through our Customer Care team, and that the
downsizing of our Customer Care team will not affect our ability to
continue attracting registered users and increase user retention,
user engagement and sales; our plans to successfully localize our
products, including by making our product, support and
communication channels available in additional languages and to
expand our payment infrastructure to transact in additional local
currencies and accept additional payment methods; our expectation
regarding the impact of fluctuations in foreign currency exchange
rates, interest rates, potential illiquidity of banking systems,
and other recessionary trends on our business; our expectations
relating to the repurchase of our ordinary shares and/or
Convertible Notes pursuant to our repurchase program; our
expectation that we will effectively manage our infrastructure;
changes we expect may occur to technologies used in our solutions,
including through newly emerging AI technologies; our expectations
regarding the outcome of any regulatory investigation or
litigation, including class actions; our expectations regarding
future changes in our cost of revenues and our operating expenses
on an absolute basis and as a percentage of our revenues, as well
as our ability to achieve profitability; our expectations regarding
changes in the global, national, regional or local economic,
business, competitive, market, and regulatory landscape, including
as a result of COVID-19 and as a result of the military invasion of
Ukraine by Russia; our planned level of capital
expenditures and our belief that our existing cash and cash from
operations will be sufficient to fund our operations for at least
the next 12 months and for the foreseeable future; our expectations
with respect to the integration and performance of acquisitions;
our ability to attract and retain qualified employees and key
personnel; and our expectations about entering into new markets and
attracting new customer demographics, including our ability to
successfully attract new partners and large enterprise-level users
and to grow our activities with these customer types as anticipated
and other factors discussed under the heading "Risk Factors" in the
Company's annual report on Form 20-F for the year ended
December 31, 2022 filed with the
Securities and Exchange Commission on March
30, 2023. The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements. Any
forward-looking statement made by us in this press release speaks
only as of the date hereof. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is
not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future developments or
otherwise.
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SOURCE Wix.com Ltd.