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Update: Wix.com Shares Fall After Q1 Miss

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(Updates to add the latest stock move in the headline and the first paragraph.)

Wix.com (WIX) shares were down more than 23% in Wednesday trading after the company posted lower than expected Q1 results.

The company reported quarterly adjusted earnings of $0.68 per diluted share, down from $1.55 a year earlier.

Analysts surveyed by FactSet expected $1.24.

Revenue for the quarter ended March 31 was $541.2 million, up from $473.7 million a year earlier.

Analysts polled by FactSet expected $544 million.

For Q2, the company expects revenue to grow at a mid-teens percentage.

For 2026, the company continues to expect revenue to grow at a mid-teens percentage.

Price: $58.15, Change: $-17.73, Percent Change: -23.37%

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