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Why Wix Stock Surged Today

TheMotleyFool

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Why Wix Stock Surged Today: https://g.foolcdn.com/editorial/images/721945/investor-gettyimages-694072990.jpg

Shares of Wix.com (NASDAQ: WIX) climbed 12% on Wednesday after the website-development platform said it expects to hit its profitability goals ahead of schedule.

Wix's revenue grew by 6% year over year to $355 million in the fourth quarter, driven by higher demand for its website-building tools.

"We released hundreds of new products and features throughout 2022 to improve our platform for creators and partners," CEO Avishai Abrahami said in a press release.

Source Fool.com

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