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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.