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Wix reports record profits in 2024 but cautious on 2025 revenue growth

Wix.com Ltd. reports record profits in 2024, including first-ever GAAP operating profit, but warns of cautious revenue growth in 2025 due to currency challenges. The company expects a 30% rise in free cash flow for the year. Wix's share price has risen by over 300% since 2022 but is still 35% below its record price. Despite difficulties, Wix had a record year in terms of growth and acceleration, and predicts continued growth and profitability in 2025. The company plans to release two significant products in 2025 to accelerate growth in the self-website building sector.

Original article source: https://www.jpost.com/business-and-innovation/article-843130
Source Id: 8557632908

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