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Heavily Shorted Wix Jumps on Strong Quarterly Results

AI Market Summary
Wix's quarterly results beat expectations, with adjusted EPS of $1.39 vs $1.16 and revenue up 15% to $563.1M, above consensus. Broad-based double-digit growth across creative subscriptions, commerce solutions, and partners, alongside positive operating and free cash flow, strengthened confidence in fundamentals. The sharp share rally and short-covering highlight positioning risk and can tighten conditions for other highly shorted equities.
Impact level
● Medium
AI InsightAI Insight
▲ Bullish
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Wix reported a strong quarter, posting adjusted earnings of $1.39 per share, beating the $1.16 consensus estimate. Revenue came in at $563.1 million, up 15% year over year and ahead of market expectations of $554.4 million. Total bookings and annual recurring revenue both logged double-digit growth, with double-digit gains also reported across its key segments: Creative Subscriptions, Business Solutions and Partners. Operating cash flow totaled $55.6 million for the quarter, while free cash flow reached $52.6 million. The upbeat results sent WIX shares sharply higher and sparked short covering.
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