Wix.com Ltd

WIX: XNAS (USA)
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Wix Earnings: Base44 Progress Offset by Partners Challenges; Shares Fairly Valued

Wix's third-quarter revenue grew 13% to $570 million, roughly in line with FactSet consensus, while bookings rose 11%. Base44 annual recurring revenue approached $250 million, but partners growth slowed to 11% from 17% in the second quarter. Shares fell 8% on Nov. 10.

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