Wix.Com Ltd
NASDAQ:WIX
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Wix.Com Ltd
Wix.Com Ltd
Effect of Foreign Exchange Rates
Wix.Com Ltd
Effect of Foreign Exchange Rates Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Effect of Foreign Exchange Rates | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Wix.Com Ltd
NASDAQ:WIX
|
Effect of Foreign Exchange Rates
-$1.4m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
-7%
|
|
Wix.Com Ltd
Glance View
In the bustling world of website creation, Wix.Com Ltd. has carved a unique niche for itself by democratizing web development and offering intuitive solutions for individuals and businesses. Founded in 2006, the Israeli company emerged as a trailblazer in the no-code movement, empowering users without technical expertise to build professional-looking websites through its platform. At its core, Wix operates a cloud-based service that provides a multitude of easy-to-use design templates and a drag-and-drop interface, enabling users to design their digital presence with remarkable ease and flexibility. Through this model, Wix appeals to a broad audience—from entrepreneurs and small businesses to creatives and freelancers—looking to establish or enhance their online visibility. The platform's versatility is a cornerstone, offering tools for websites across various sectors such as e-commerce, hospitality, and professional services. Wix generates revenue primarily through its subscription-based model, offering a range of pricing tiers that cater to different user needs—from basic functionality to advanced business solutions. This subscription service includes options like domain hosting and enhanced storage, targeting users who require more robust, scalable capabilities for their online operations. Additionally, Wix has expanded its monetization avenues by offering business solutions like Wix Stores, Wix Hotels, and Wix Bookings, which provide specialized features for e-commerce, hospitality management, and appointment scheduling respectively. The company also capitalizes on app monetization through the Wix App Market, where third-party developers can create and sell applications tailored to enhance users' sites. The combination of a vast ecosystem of products and a scalable subscription model enables Wix to maintain a steady and diversified revenue stream as it continues to expand globally.
See Also
What is Wix.Com Ltd's Effect of Foreign Exchange Rates?
Effect of Foreign Exchange Rates
-1.4m
USD
Based on the financial report for Sep 30, 2024, Wix.Com Ltd's Effect of Foreign Exchange Rates amounts to -1.4m USD.
What is Wix.Com Ltd's Effect of Foreign Exchange Rates growth rate?
Effect of Foreign Exchange Rates CAGR 10Y
-7%
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