XML 54 R23.htm IDEA: XBRL DOCUMENT v3.25.1
SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION
NOTE 16:-    SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION

a.Wix is a leading, global, web development platform for millions of creators, delivering its solutions through a SaaS model. The Company generates revenues from Creative Subscriptions and Business Solutions, as disclosed in Note 2(p).

The Company operates in one operating and reportable segment. The Company’s CODM is its Chief Executive Officer, who utilizes consolidated measures of profit or loss to evaluate the Company's overall performance and inform resource allocation decisions. The measure of profit or loss most consistent with GAAP used by the CODM is consolidated net income (loss), as presented in the consolidated statements of comprehensive income (loss). This measure is primarily utilized to assess budget-to-actual variances and to compare against historical performance.

The Company’s significant segment expenses are those presented in the consolidated statements of comprehensive income (loss). No supplemental expense information beyond what is disclosed in these consolidated financial statements is regularly provided to the CODM. The measure of segment assets is total assets, as presented in the consolidated balance sheets.
NOTE 16:-    SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION (Cont.)

b.The following tables present total revenues for the years ended December 31, 2024, 2023 and 2022 and long-lived assets as of December 31, 2024 and 2023:

Revenues:

Year ended December 31,
202420232022
North America (*)
$1,056,916 $938,534 $819,245 
Europe 440,521 380,495 350,200 
Latin America66,721 64,492 56,712 
Asia and others196,492 178,144 161,509 
$1,760,650 $1,561,665$1,387,666

(*)    Includes revenue from the United States in amount of $974,546, $864,475 and $709,703 for 2024, 2023, and 2022, respectively.

Long-lived assets and ROU assets:

December 31,
20242023
Europe and Asia (*)
$516,499 $537,572 
North America11,517 19,918 
$528,016 $557,490

(*)    As of December 31, 2024 and 2023, long-lived assets and ROU assets located in Israel amounted to $495,354 and $513,557, respectively.