Wix.com Ltd. (NASDAQ:WIX) is one of the 10 Stocks Dominating Today’s Market Action.
Wix extended its winning streak to a third consecutive day on Wednesday, jumping 12.67 percent to finish at $83.78 apiece, as investors took heart from its strong revenue performance and an aggressive plan to mostly complete its $2 billion share buyback program.
In an updated report, Wix.com Ltd. said that it grew its revenues last year by 13 percent to $1.99 billion from $1.76 billion in 2024, on the back of a double-digit revenue growth from creative subscriptions and business solutions. However, net income dwindled by 63 percent to $50.6 million from $138.3 million year-on-year.
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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.
The company is targeting to grow its revenues by mid-teens in both the first quarter and full-year 2026, as well as mid-teens growth for bookings for the full-year period.
Earnings aside, Wix.com Ltd. announced that it would “aggressively and quickly” repurchase its shares to mostly complete its $2 billion authorized buyback program by the end of the year in a bid to boost shareholder value.
Of the total, some $575 million had already been bought back as of the end of 2025.
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