EXCLUSIVE: Wix Studio Introduces New Earning Potential for Freelancers and Agencies
Portfolio Pulse from Anusuya Lahiri
Wix.com Ltd (NASDAQ:WIX) has introduced a new revenue-sharing plan for partners using Wix Studio. The plan offers various benefits, including priority support and a 20-30% revenue share on new Studio sites created in 2024. Partners can also earn from client sales on Wix Payments and receive a 50% share for enterprise packages. The program is designed to empower freelancers and agencies, and is open globally with certain conditions and eligibility requirements. WIX shares saw a slight increase of 0.19% to $122.44.

January 10, 2024 | 4:57 pm
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POSITIVE IMPACT
Wix.com Ltd announced a new revenue-sharing plan for Wix Studio partners, potentially increasing the platform's attractiveness and usage among freelancers and agencies. This could lead to higher revenue and user growth for Wix.
The introduction of a new revenue-sharing plan is likely to make Wix Studio more appealing to freelancers and agencies, which could lead to increased usage and revenue. The slight increase in stock price reflects a positive market reaction, although it's a modest change. The importance is significant as it pertains to Wix's growth strategy and partner ecosystem, but not critical as it's an incremental change rather than a major overhaul. The confidence level is high due to the direct correlation between the new plan and potential revenue growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100