Wix: Base44 Is A Knockout, But There's A Cost (Rating Downgrade)

Summary of Key Points Core Viewpoint - Wix.com Ltd. (WIX) shares are experiencing a significant sell-off in pre-market trading, declining over 7% despite the company beating both top and bottom line estimates and raising its guidance, indicating a continuation of a trend observed in recent quarters [1] Company Performance - Wix.com Ltd. reported better-than-expected financial results, surpassing analysts' estimates for both revenue and earnings [1] - The company has raised its guidance, suggesting optimism about future performance despite the current market reaction [1] Market Reaction - The pre-market trading decline of over 7% reflects a broader trend where positive earnings reports do not necessarily lead to positive stock performance, indicating potential investor skepticism or profit-taking behavior [1]