Wix.com Ltd.
For the period ended Jun 30, 2025. Filed Sep 8, 2025.
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Jun 30, 2025 · Filed Sep 8, 2025
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Contents
EX-99.3 · Forward-Looking Statements
Forward-Looking Statements
This document 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,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “subject,” “project,” “outlook,” “future,” “will,” “seek” and similar terms or phrases. The forward-looking statements contained in this document, 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 ability to attract and retain registered users and partners, and generate new premium subscriptions and additional business solutions as we continuously adjust our marketing strategy and customer care; maintenance of our brand and reputation, and generation of revenue from sources other than premium subscriptions; risks associated with international operations and the use of platform in various countries; risks related to the macroeconomic environment and ongoing global conflicts; security risks and payment risks and fluctuations in foreign currency exchange rates; failures of third-party hardware, software and infrastructure on which we rely, or failure to manage the operation of our infrastructure; adverse market conditions, including inflation, interest rates and other adverse developments that may adversely affect our cash balances and investment portfolio; our history of operating losses and inability to achieve sustained profitability; downturns or upturns in sales are not immediately reflected in full in our operating results; our ability to repurchase our ordinary shares pursuant to our repurchase program; our ability to raise capital when needed or on acceptable terms; risks related to acquisitions and investments, pricing decisions, pandemics, natural disasters and other catastrophic events; our ability to develop and introduce new products and services, as well as maintain third-party products and are ability to keep up with rapid changes in design and technology; our ability to attract and retain qualified employees and key personnel; our ability to attract a diversified customer base and increased competition; our ability to maintain compatibility of our platform and solutions with changes in third-party applications and changes to technologies used in our solutions; our ability to acquire and service small business users; risks related to security breaches and unauthorized access to data, cyberattacks; our expectation regarding the uncertain future relationship between the United States and other countries with respect to trade policies, taxes, government regulations, and tariffs; our ability to comply with the regulations applicable to our operations, including new governmental regulations regarding the internet, consumer protection, AI, privacy and data protection laws and regulations, as well as contractual privacy and data protection obligations; risks relating to intellectual property, including infringements, litigation and claims, and our ability to maintain and protect our intellectual property rights and proprietary information; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; risks related to the development and integration of AI, generative AI, agentic AI, machine learning, and similar tools into our offerings, and comply with the regulatory environment impacting AI and AI-related activities; risks related to activities of registered users or content of their websites, and risks related to domain names and industry regulations; risks related to compliance with laws and regulations, including those related to economic sanctions, tariffs, export controls, anti-corruption and anti-money laundering, anti-trust, and consumer protection, and changes in these laws and regulations; risks related to tax, including application of indirect taxes, tax laws, changes in tax laws or changes in provision for income tax and examination of income tax returns; risks related to ordinary shares, activist shareholders, and our status as a foreign private issuer; risks related to our incorporation and location in Israel, including conflicts in the area; 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; 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; and our ability to enter 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, including through the adoption of our Wix Studio product, 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, 2024 filed with the Securities and Exchange Commission on March 21, 2025. 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 document 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.
| Wix.com Ltd. | ||
|---|---|---|
| RECONCILIATION OF REVENUES TO BOOKINGS | ||
| (In thousands) | ||
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Revenues | $963,581 | $855,522 |
| Change in deferred revenues | 70,594 | 66,745 |
| Change in unbilled contractual obligations | (13,346) | (6,587) |
| Bookings | $1,020,829 | $915,680 |
| Y/Y growth | 11.5% | |
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Creative Subscriptions Revenues | $683,132 | $616,418 |
| Change in deferred revenues | 64,554 | 53,773 |
| Change in unbilled contractual obligations | (13,346) | (6,587) |
| Creative Subscriptions Bookings | $734,340 | $663,604 |
| Y/Y growth | 10.7% | |
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Business Solutions Revenues | $280,449 | $239,104 |
| Change in deferred revenues | 6,040 | 12,972 |
| Business Solutions Bookings | $286,489 | $252,076 |
| Y/Y growth | 13.7% | |
| Wix.com Ltd. | ||
|---|---|---|
| RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT | ||
| (In thousands) | ||
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Gross Profit | $658,449 | $576,551 |
| Share based compensation expenses | 6,792 | 7,106 |
| Acquisition related expenses | 163 | — |
| Amortization | 1,335 | 1,335 |
| Non GAAP Gross Profit | $666,739 | $584,992 |
| Non GAAP Gross margin | 69% | 68% |
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Gross Profit - Creative Subscriptions | $572,934 | $508,576 |
| Share based compensation expenses | 4,809 | 5,188 |
| Acquisition related expenses | 163 | — |
| Non GAAP Gross Profit - Creative Subscriptions | $577,906 | $513,764 |
| Non GAAP Gross margin - Creative Subscriptions | 85% | 83% |
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Gross Profit - Business Solutions | $85,515 | $67,975 |
| Share based compensation expenses | 1,983 | 1,918 |
| Amortization | 1,335 | 1,335 |
| Non GAAP Gross Profit - Business Solutions | $88,833 | $71,228 |
| Non GAAP Gross margin - Business Solutions | 32% | 30% |
| Wix.com Ltd. | ||
|---|---|---|
| RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME | ||
| (In thousands) | ||
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Net income | $91,469 | $63,520 |
| Share based compensation expenses and other Non GAAP adjustments: | ||
| (1) Share based compensation expenses: | ||
| Cost of revenues | 6,792 | 7,106 |
| Research and development | 63,589 | 61,884 |
| Selling and marketing | 18,223 | 19,689 |
| General and administrative | 31,096 | 29,349 |
| Total share based compensation expenses | 119,700 | 118,028 |
| (2) Amortization | 2,731 | 2,948 |
| (3) Acquisition related expenses | 6,087 | 6 |
| (4) Amortization of debt discount and debt issuance costs | 1,589 | 1,581 |
| (5) Sales tax accrual and other G&A expenses | (239) | 358 |
| (6) Unrealized loss (gain) on equity and other investments | (42) | (2,536) |
| (7) Non-operating foreign exchange income | 8,823 | (7,584) |
| (8) Provision for income tax effects related to non-GAAP adjustments | — | 583 |
| Total adjustments of GAAP to Non GAAP | 138,649 | 113,384 |
| Non-GAAP net income | $230,118 | $176,904 |
| Wix.com Ltd. | ||
|---|---|---|
| RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW | ||
| (In thousands) | ||
| Six Months Ended | ||
| June 30, | ||
| 2025 | 2024 | |
| (unaudited) | ||
| Net cash provided by operating activities | $295,826 | $233,865 |
| Capital expenditures, net | (5,720) | (15,320) |
| Free Cash Flow | $290,106 | $218,545 |
| Capex related to HQ build out | — | 10,325 |
| Free Cash Flow excluding HQ build out | $290,106 | $228,870 |
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