Wix's Q3 Earnings: AI Expenses & Growth

Wixs Q3 earnings surpass expectations, with 13.6% revenue growth to $505.2M. Non-GAAP profit of $1.68 per share beats estimates by 12.6%. Despite strong adoption of core business and AI-powered app builder Base44, higher-than-expected costs impacted adjusted operating income. Wix plans to improve user retention, shift towards longer subscriptions, and optimize AI expenses to boost profitability.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.