Wix.com Ltd.
(NASDAQ:WIX) stock gained Tuesday after the website-building software company reported better-than-expected second-quarter results, driven by strong growth in its core business and AI-powered Base44 platform, while reaffirming its full-year 2026 outlook.
The rally was likely amplified by a short squeeze, with nearly 26% of the public float sold short.
Wix.com Revenue, Earnings Top Estimates Wix reported adjusted earnings of $1.39 per diluted share, beating the Wall Street estimate of $1.16.
Revenue increased 15% year over year to $563.1 million, topping the consensus estimate of $554.4 million.
