NEW
YORK, June 4, 2024 /PRNewswire/ -- Wix.com Ltd.
(NASDAQ: WIX), the leading SaaS website builder platform to create,
manage, and grow a global, digital presence1, today
issued its annual Environmental, Social, and Governance (ESG)
Report. This report dives into the company's corporate
responsibility efforts to deliver on its mission for its users,
people, company, and the environment for 2023.
The report highlights Wix's company values and strategic
initiatives to support the company, users, and local communities in
which Wix operates. Furthermore, the report includes how Wix
strives to build sustainable plans and embrace high standards of
corporate governance.
"Our ESG reports outline Wix's values and focus on sustainable
initiatives, and we created this report to provide updated
information on how we moved the needle on these initiatives last
year," said Avishai Abrahami,
co-founder and CEO of Wix. "Our 2023 report showcases our efforts
with qualitative and quantitative data on these important issues.
We aim to continue to push these initiatives forward, adjust
priorities as needed, and remain focused on making a positive
impact on our users, communities, and the environment."
Wix's full ESG Report can be found here.
About Wix.com Ltd.
Wix is the leading SaaS website builder platform
globally1 to create, manage and grow a digital presence.
What began as a website builder in 2006 is now a complete platform
providing users with enterprise-grade performance, security and a
reliable infrastructure. Offering a wide range of commerce and
business solutions, advanced SEO and marketing tools, Wix enables
users to take full ownership of their brand, their data and their
relationships with their customers. With a focus on continuous
innovation and delivery of new features and products, anyone can
build a powerful digital presence to fulfill their dreams on
Wix.
For more about Wix, please visit our Press Room
Media Relations Contact: PR@wix.com
1 Based on number of active live sites as
reported by competitors' figures, independent third-party data and
internal data as of Q4 2023.
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," "project," "outlook," "future," "will,"
"seek" and similar terms or phrases. The forward-looking statements
contained in this document, including the 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.
Important factors that could cause our actual results to differ
materially from those indicated in the forward-looking statements
include, among others, our expectation that we will be able to
attract and retain registered users and partners, and generate new
premium subscriptions, in particular as we continuously adjust our
marketing strategy and as the macro-economic environment continues
to be turbulent; our expectation that we will be able to increase
the average revenue we derive per premium subscription, including
through our partners; our expectation that new products and
developments, as well as third-party products we will offer in the
future within our platform, will receive customer acceptance and
satisfaction, including the growth in market adoption of our online
commerce solutions and our Wix Studio product; our expectations
regarding our ability to develop relevant and required products
using artificial intelligence ("AI"), the regulatory environment
impacting AI and AI-related activities, including privacy and
intellectual property, and potential competitive impacts from AI
tools; our assumption that historical user behavior can be
extrapolated to predict future user behavior, in particular during
turbulent macro-economic environments; our prediction of the future
revenues and/or bookings generated by our user cohorts and our
ability to maintain and increase such revenue growth, as well as
our ability to generate and maintain elevated levels of free cash
flow and profitability; our expectation to maintain and enhance our
brand and reputation; our expectation that we will effectively
execute our initiatives to improve our user support function
through our Customer Care team, and continue attracting registered
users and partners, and increase user retention, user engagement
and sales; our ability to successfully localize our products,
including by making our product, support and communication channels
available in additional languages and to expand our payment
infrastructure to transact in additional local currencies and
accept additional payment methods; our expectation regarding the
impact of fluctuations in foreign currency exchange rates, interest
rates, potential illiquidity of banking systems, and other
recessionary trends on our business; our expectations relating to
the repurchase of our ordinary shares and/or Convertible Notes
pursuant to our repurchase program; our expectation that we will
effectively manage our infrastructure; our expectation to comply
with AI, privacy, and data protection laws and regulations as well
as contractual privacy and data protection obligations; our
expectations regarding the outcome of any regulatory investigation
or litigation, including class actions; 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, as well
as our ability to achieve and maintain profitability; our
expectations regarding changes in the global, national, regional or
local economic, business, competitive, market, and regulatory
landscape, including as a result of Israel-Hamas war and/or the
Ukraine-Russia war and any escalations thereof and
potential for wider regional instability and conflict; 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; our
expectations with respect to the integration and performance of
acquisitions; our ability to attract and retain qualified employees
and key personnel; and our expectations about entering into new
markets and attracting new customer demographics, including our
ability to successfully attract new partners 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, 2023 filed with the
Securities and Exchange Commission on March
22, 2024. 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 press release 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.
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SOURCE Wix.com Ltd
