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Wix.com Misses First-Quarter Views, Reiterates Full-Year Outlook

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Wix.com Misses First-Quarter Views, Reiterates Full-Year Outlook

Wix.com (WIX) reported a larger-than-expected annual decline in its first-quarter earnings on Wednesday, while the Israeli web development platform maintained its full-year outlook.

Adjusted earnings slumped to $0.68 a share for the March quarter from $1.55 the year before. The consensus on FactSet was for non-GAAP EPS of $1.24. Revenue advanced 14% to $541.2 million, but trailed the Street's view for $544 million.

The company's US-listed stock tanked 31% in Wednesday trade, taking its year-to-date loss to 50%.

For 2026, Wix continues to anticipate revenue and bookings to grow by a mid-teens percentage figure on a yearly basis. The average analyst estimate is for sales of $2.28 billion and bookings of $2.37 billion.

"Our outlook accounts for the slower-than-expected start to the year in our partners business, as well as impact from productivity headwinds due to the war in the Middle East, which has pushed out certain important product rollouts for our professional audience," Wix said.

Partners revenue, which includes sales generated through agencies and freelancers that build sites or applications for other users, jumped 19% year-on-year to $203.4 million in the first quarter. It also includes revenue generated through business-to-business partnerships.

"We expect to largely offset these near-term challenges with a broader set of growth initiatives across our core Wix business, with particular focus on optimizing and capturing a bigger top of funnel as well as strengthening performance of our existing user base," the company said.

First-quarter bookings climbed 15% to $585 million, but were shy of the market's $586.9 million forecast.

Revenue from the creative subscriptions segment gained 13% to $382.4 million, while business solutions advanced 17% to $158.8 million.

For the ongoing three-month period, Wix expects consolidated revenue to rise by a mid-teens percentage from the prior-year quarter. The Street is looking for $561.9 million.

Price: $52.20, Change: $-23.68, Percent Change: -31.21%

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