Wix.com reported strong financial results for the third quarter of 2024, with total revenue reaching $444.7 million, a 13% increase year-over-year. The company achieved a GAAP net income of $26.8 million, translating to $0.49 per basic share and $0.46 per diluted share. Adjusted earnings per share (EPS) were reported at $1.50, surpassing analyst expectations. Notably, Wix's annual recurring revenue from its subscription business crossed $1.3 billion, and the company added 5 million users in the quarter, marking its first sequential growth in customer additions since 2020. The growth was attributed to its AI-powered onboarding process and robust partner activity, leading to increased bookings of $449.8 million. Following the earnings report, Wix's stock rose over 20% in pre-market trading, reflecting positive market sentiment and multiple firms raising their price targets on the stock.