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Wix.com (WIX) Climbs 33% on Revenue Growth, Aggressive Buyback
Yahoo Finance· 2026-03-08 01:18
Group 1 - Wix.com Ltd. experienced a significant share price increase of 33.25% week-on-week following a 13% revenue growth last year and an aggressive $2 billion share buyback plan for this year [1][5] - The company's revenues rose to $1.99 billion in the last year, up from $1.76 billion in 2024, driven by double-digit growth in creative subscriptions and business solutions [2] - In the fourth quarter, Wix reported a revenue surge of 14% to $524.3 million, compared to $460.4 million in the same period last year, but faced a net loss of $40.2 million, a decline from a net income of $48 million [4] Group 2 - For the current year, Wix is targeting mid-teens revenue growth in both the first quarter and the full-year period, with bookings also expected to grow in the mid-teens for the full year [5] - As of the end of 2025, Wix has already repurchased $575 million worth of shares as part of its share buyback program [5]
Wix.com (WIX) Soars 12.7% on Revenue Blowout, $2-Billion Buyback
Yahoo Finance· 2026-03-05 00:39
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]