Down 25% This Year, What's Wrong With Wix Stock?

Down 25% This Year, What's Wrong With Wix Stock?
·4 min read

Moving down the income statement, Wix's gross margin was 62% in the period. This is lower than it has been historically because of its fast-growing Business Solutions segment, which currently has very low gross margins. Its core website building product, which is under Creative Solutions, had 75% gross margins in Q2, highlighting the strong profitability of this business unit.

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