Wix beat sales and profit estimates and recurring sales grew, but higher marketing spending led it to lower its forecast for cash left after spending to about 16% of sales from the high teens. Those facts point in different directions, so the report does not change Wix's outlook.
Base44's growing customer base and improving retention could bring Wix more recurring sales. But the extra marketing spending means Wix expects less cash left over. These facts point in different directions, so the report does not change Wix's outlook.
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