#Class Action #Robbins LLP #Wix.com

Robbins LLP Alerts Wix.com Ltd. (WIX) Investors About Class Action Lawsuit

The renowned law firm Robbins LLP is urging all investors of Wix.com Ltd. (NASDAQ: WIX) who acquired securities between February 19, 2025, and May 12, 2026, to be aware of a pending securities class action lawsuit. This legal action has been initiated to protect the rights of individuals and entities affected by potentially misleading statements made by Wix during this period.

Overview of the Class Action

The purpose of this lawsuit is to represent those who experienced substantial financial losses attributed to Wix's alleged failure to disclose critical information about its business and its artificial intelligence (AI) product offerings. Investors are reminded that there is a deadline of September 22, 2026, for those interested in assuming the role of lead plaintiff in this matter.

Allegations Against Wix.com Ltd.

The primary allegations within the class action complaint claim that Wix.com misrepresented several key aspects of its operations, including:

• - Overstating the competitive edge and effectiveness of its AI products compared to industry rivals.
• - Concealing the actual development and marketing costs associated with its AI offerings.
• - Overinflating the financial advantages derived from these AI products.

Due to these purportedly misleading statements, investors were left with an inaccurate view of Wix's market position and profitability.

Timeline of Wix's Financial Performance

The situation escalated significantly on May 21, 2025, when Wix reported disappointing financial results regarding its first quarter. This announcement revealed a revenue projection of only $1.97 billion to $2 billion, falling short of analysts' forecasts. Consequently, Wix's stock plummeted by $29.40, equivalent to a 16.18% drop, closing at $152.34 on that day.

As the year progressed, Wix disclosed more concerning information. On November 19, 2025, it revealed that the rising costs following its acquisition of Base44 adversely affected its finances, detracting from the positive impacts it had previously attributed to AI growth. This news triggered a further decline in stock price by $25.22, or 19.87%, to $101.70.

Following poor financial performance, on March 27, 2026, JPMorgan issued a downgrade of Wix's stock from