Wix.com (WIX) Soars 12.7% on Revenue Blowout, $2-Billion Buyback

Group 1 - Wix.com Ltd. experienced a significant stock price increase of 12.67% to $83.78, marking its third consecutive day of gains, driven by strong revenue performance and an aggressive share buyback plan [1] - The company reported a revenue growth of 13% year-on-year, reaching $1.99 billion in 2024, up from $1.76 billion, primarily due to double-digit growth in creative subscriptions and business solutions [2] - In Q4, Wix's revenues surged by 14% to $524.3 million from $460.4 million, although it reported a net loss of $40.2 million compared to a net income of $48 million in the same period [3] Group 2 - Wix announced an aggressive plan to repurchase shares, aiming to complete its $2 billion buyback program by the end of the year, with $575 million already repurchased by the end of 2025 [4] - The company is targeting mid-teens revenue growth for both Q1 and the full year of 2026, along with mid-teens growth for bookings during the same period [3]