Wix.com Ltd. (NASDAQ:WIX) is one of the 10 Stocks Investors Are Watching Closely This Week.
Wix saw its share prices jump by 33.25 percent week-on-week after reporting a 13-percent growth in revenues last year and announcing an aggressive plan to mostly complete its $2 billion share buyback program this year.
Earlier in the week, Wix.com Ltd. said that its revenues soared to $1.99 billion last year from $1.76 billion in 2024, thanks to a double-digit growth in revenues from creative subscriptions and business solutions.
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However, net income still decreased by 63 percent to $50.6 million from $138.3 million year-on-year.
In the fourth quarter alone, Wix.com Ltd. said that revenues surged by 14 percent to $524.3 million from $460.4 million. However, it swung to a net loss of $40.2 million from a $48 million net income in the same period.
For this year, the company is targeting revenues to grow by mid-teens in both the first quarter and full-year period.
Bookings are also expected to grow mid-teens in the full-year period.
Following the results, Wix.com Ltd. announced plans to go aggressive and quick on its share buyback program this year, as it eyes to already complete majority of its $2 billion share repurchase authorization.
As of end-2025, the company has already bought back $575 million worth of shares.
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