Wix's AI Fears Dispelled, Buyback Opportunity
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Wixs Q4 earnings surged, with revenue up 14% to $524M, showcasing a robust core business. Their AI-focused acquisition, Base44, is already generating $50M in ARR. Despite market fears, Wixs numbers proved AI isnt an immediate threat. They announced a $3.16B share buyback at $92 each, now trading around $82. Post-buyback, Wix could be a prime opportunity for AI skeptics.
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