We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
WIX Introduces New Revenue Sharing Program for Partners
Read MoreHide Full Article
Wix.com (WIX - Free Report) introduced a new revenue-sharing initiative for Partners engaged in Wix Studio. This initiative is part of the Wix Partner Program, which offers loyalty-based perks like priority support, a Partner success manager, access to the Wix Marketplace, advanced features, and collaborative opportunities within the Wix community.
The above-mentioned benefits aim to empower professionals and stimulate business growth. Agencies and freelancers can apply through the Wix Studio Workspace, which is a dedicated dashboard for project management. Upon enrollment, Partners can immediately start earning revenue share on Wix Studio sites they create, added the company.
The key components of the revenue-sharing program include a 20% revenue share on new Studio sites created in 2024, with top-level Partners enjoying 30% on Studio sites and 20% on Wix sites. Partners can also earn a share of client sales on sites using Wix Payments, benefit from a 50% revenue share on Enterprise packages in 2024, and explore diverse revenue shares for various packages beyond websites.
The company further added that to qualify for this program, Partners must be the primary owner of the Wix site, and the initiative is exclusive to new yearly plans, sites, and packages. Participants need to fulfill a retention condition by generating at least one Wix premium or Wix Studio premium site annually to qualify for revenue share and program benefits.
Wix is a cloud-based web development platform. The company's platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow their online presence.
The company continues to launch several user-friendly applications and ink strategic collaborations to meet the requirements of a dynamic retail environment, consequently adding to the user base.
In December, the company joined forces with the creator of PaidBy — ISX Financial EU Plc — which will allow Wix's UK-based merchants to leverage PaidBy's open banking payment platform. Customers can also make payments directly from their banking application or web portal using PaidBy, which, in turn, improves the checkout process and enhances conversion rates.
Going ahead, the company expects 2023 revenues and free cash flow margin to rise owing to business momentum. The management now anticipates 2023 revenues to grow in the range of 12-13% or $1,558-$1,563 million (earlier view: growth of 11-12% and in the range of $1,543-$1,558 million).
Zacks Rank and Other Stocks to Consider
WIX presently sports a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings per share (EPS) has inched up 1.8% in the past 60 days to $3.86. BLKB’s long-term earnings growth rate is 23.4%.
Blackbaud’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 10.6%. Shares of BLKB have gained 32.4% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days.
NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR have lost 27.3% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have soared 25.5% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
WIX Introduces New Revenue Sharing Program for Partners
Wix.com (WIX - Free Report) introduced a new revenue-sharing initiative for Partners engaged in Wix Studio. This initiative is part of the Wix Partner Program, which offers loyalty-based perks like priority support, a Partner success manager, access to the Wix Marketplace, advanced features, and collaborative opportunities within the Wix community.
The above-mentioned benefits aim to empower professionals and stimulate business growth. Agencies and freelancers can apply through the Wix Studio Workspace, which is a dedicated dashboard for project management. Upon enrollment, Partners can immediately start earning revenue share on Wix Studio sites they create, added the company.
The key components of the revenue-sharing program include a 20% revenue share on new Studio sites created in 2024, with top-level Partners enjoying 30% on Studio sites and 20% on Wix sites. Partners can also earn a share of client sales on sites using Wix Payments, benefit from a 50% revenue share on Enterprise packages in 2024, and explore diverse revenue shares for various packages beyond websites.
Wix.com Ltd. Price and Consensus
Wix.com Ltd. price-consensus-chart | Wix.com Ltd. Quote
The company further added that to qualify for this program, Partners must be the primary owner of the Wix site, and the initiative is exclusive to new yearly plans, sites, and packages. Participants need to fulfill a retention condition by generating at least one Wix premium or Wix Studio premium site annually to qualify for revenue share and program benefits.
Wix is a cloud-based web development platform. The company's platform offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow their online presence.
The company continues to launch several user-friendly applications and ink strategic collaborations to meet the requirements of a dynamic retail environment, consequently adding to the user base.
In December, the company joined forces with the creator of PaidBy — ISX Financial EU Plc — which will allow Wix's UK-based merchants to leverage PaidBy's open banking payment platform. Customers can also make payments directly from their banking application or web portal using PaidBy, which, in turn, improves the checkout process and enhances conversion rates.
Going ahead, the company expects 2023 revenues and free cash flow margin to rise owing to business momentum. The management now anticipates 2023 revenues to grow in the range of 12-13% or $1,558-$1,563 million (earlier view: growth of 11-12% and in the range of $1,543-$1,558 million).
Zacks Rank and Other Stocks to Consider
WIX presently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks worth considering in the broader technology space are Blackbaud (BLKB - Free Report) , NETGEAR (NTGR - Free Report) and Watts Water Technologies (WTS - Free Report) . NETGEAR and Blackbaud sport a Zacks Rank #1, while Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings per share (EPS) has inched up 1.8% in the past 60 days to $3.86. BLKB’s long-term earnings growth rate is 23.4%.
Blackbaud’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 10.6%. Shares of BLKB have gained 32.4% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days.
NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR have lost 27.3% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have soared 25.5% in the past year.