1. WIX's Q2 revenue grew 12% year-over-year to $489.93 million. 2. Adjusted EPS of $2.28 beat consensus estimate of $1.74. 3. WIX revised 2025 revenue outlook, increasing expectations slightly. 4. Shares rose 6.5% following positive earnings report. 5. Analysts adjusted price targets, mostly lowering them significantly.
Despite some price target reductions, earnings beat expectations and revenue growth remains strong. Historically, similar earnings beats have led to stock price increases.
The article contains significant updates about WIX's performance and analyst opinions, which are pivotal for investors.
The recent earnings report will affect WIX in the short term, primarily influencing trading sentiment. Historically, quarterly reports lead to immediate price movements.