Wix Shares Drop Despite Higher Bookings and Revenue Forecast Following AI-Driven Demand

Wix.com (NASDAQ:WIX) raised its full-year bookings outlook on Wednesday after reporting strong third-quarter results and increased demand tied to Base44, the AI coding platform it acquired earlier this year. Shares, however, fell more than 14% intra-day. The company now expects 2025 bookings of $2.06 billion to $2.08 billion, up from a prior range of $2.04 billion to $2.08 billion. Wix also raised its full-year revenue forecast to $1.99 billion to $2.00 billion, compared with previous guidance of $1.98 bill ...