Wix will publish the results of the first quarter of 2022 on May 16, 2022
NEW YORK, March 23, 2022 /PRNewswire/ — Wix.com Ltd. (Nasdaq: WIX), announced today that it will host a Virtual Analyst and Investor Day on Thursday, May 19, 2022 after reporting its results for the first quarter ended March 31, 2022 on Monday, May 16, 2022.
During the Virtual Analyst and Investor Day, the Wix management team and other business leaders will provide a detailed overview of the company’s key growth initiatives and present a three-year financial plan and long-term financial framework. The event will take place on Thursday, May 19, 2022 on 8:30 a.m. Eastern time.
Prior to Analyst & Investor Day, Wix will report Q1 2022 financial results and host a conference call and webcast at Monday, May 16, 2022 on 8:30 a.m. Eastern time.
Wix is also announcing today that its board has authorized a program to buy back up to $500 million of their values from time to time. Wix intends to file a motion to seek approval from the court in Israel for its buyback program, which is subject to receipt of court approval.
Under the buyback program, buybacks may be made from time to time using a variety of methods, including open market purchases, all in accordance with United States Securities and Exchange Commission rules and other legal requirements. applicable. The Buyback Program does not obligate Wix to purchase a particular amount of Securities, and the Buyback Program may be suspended or discontinued at any time at Wix’s discretion.
Live webcasts of the events, as well as replays and supplemental materials, will be available at https://investors.wix.com/. More details, including dial-in options, will be provided closer to the event dates.
Wix is a leading platform for creating, managing, and growing a digital presence. What started as a website builder in 2006 is now a complete platform that provides users with enterprise-grade performance, security, and a reliable infrastructure. Offering a wide range of business and commerce solutions, advanced SEO, and marketing tools, Wix enables users to fully own their brand, their data, and their customer relationships. With a focus on continuous innovation and the delivery of new features and products, anyone can create a powerful digital presence to fulfill their dreams at Wix.
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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 about our future performance, including, but not limited to, revenues, reserves and free cash flow, and may be identified by words such as “anticipate”, “assume”, “believe”, “target”, “forecast” , “indication”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “predict”, “project”, “outlook” , ” future”, “will”, “seek” and similar terms or phrases. Forward-looking statements contained in this document, including quarterly and annual guidance, 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. 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 generate new premium subscriptions; our ability to increase the revenue we earn from the sale of premium subscriptions and business solutions through our partners; our expectation that new products and developments, including third-party products offered within our platform, will meet with customer acceptance and satisfaction, including growth in market adoption of our online commerce solutions; our assumption that long-term partner agreements will become a more important part of our business in the future and that the accounts receivable expected from such long-term partner agreement will ultimately be received; our assumption that historical user behavior can be extrapolated to predict future user behavior; our prediction of future revenue generated by our user cohorts and our ability to maintain and increase such revenue growth; our ability to maintain and enhance our brand and reputation; our ability to attract and retain qualified employees and key personnel; our ability to enter new markets and attract new customer demographics, including new partners; our expectation that our products created for markets outside of North America will continue to generate growth in those markets; the impact of fluctuations in foreign currency exchange rates on our business; our ability to effectively execute our initiatives to scale and improve our customer service function through our Customer Service team and thereby increase user retention, user engagement and sales; integration and acquisitions; our ability to successfully localize our products, including making our products, support and communication channels available in additional languages and expanding our payment infrastructure to transact in additional local currencies and accept additional payment methods; our ability to effectively manage the growth of our infrastructure; the impact on our business and operations from the COVID-19 pandemic, including the uncertainty related to the expected consumption dynamics after the COVID-19 pandemic subsides and the anticipated GPV on our platform, risks related to the repurchase of our common stock and/or Convertible Notes in accordance with our repurchase program, the effectiveness of government policies, vaccine administration fees and other factors; changes to the technologies used in our solutions; any regulatory investigation or litigation; our expectations regarding changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues; changes in the global, national, regional or local economic, business, competitive, market and regulatory landscape, including as a result of COVID-19; 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 other factors discussed under the heading “Risk Factors” in the annual report 2020 of the Company on Form 20-F filed with the Securities and Exchange Commission on March 25, 2021. 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 arise 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.