Wix.com (NASDAQ:WIX) experienced a significant surge of nearly 14% in its shares after announcing impressive third-quarter earnings that exceeded expectations. The platform for website building displayed robust momentum in its key business segments.

For the third quarter, Wix reported adjusted earnings per share of $1.50, surpassing the Wall Street consensus of $1.44. Furthermore, revenue rose by 13% year-over-year, reaching $444.7 million, slightly above the estimated $443.97 million. The acceleration in bookings growth to 16% year-over-year was notable as it hit $449.8 million. This growth stemmed from the strong adoption of Wix Studio, fueled by AI enhancements and a surge in commerce activity.

The impact of Wix Studio was substantial, with 75% of bookings from new partners coming through Studio accounts, marking an increase from the prior quarter.

Looking forward, Wix has enhanced its full-year 2024 revenue guidance to between $1.757 billion and $1.764 billion, up from the prior estimate of $1.747 billion to $1.761 billion. Additionally, it projects that by the end of the year, bookings growth could reach up to 18% year-over-year at the high end of its outlook.