Wix Partners with Thryv to Power AI-Driven SMB Platform
WIX sits 67% above its 52-week low of $40.16 on elevated volume (1.9× avg).
Summary
Wix announced a partnership with Thryv to integrate its website, commerce, payments, bookings, and marketing tools into a single AI-driven platform for service-focused SMBs worldwide. This follows yesterday's strong Q2 beat—revenue of $563M and adjusted EPS of $1.39—which sent shares up 16%. The Thryv deal expands Wix's reach into a new distribution channel, potentially accelerating user and revenue growth. The partnership adds a fresh growth vector beyond the core results already priced in.
At the time of this announcement, WIX was trading at $67.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $40.16 to $190.93. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.