Wix Reports Q1 Revenue of $541.2M, Meets Estimates

Key Highlights of Wix's Q1 Report

Wix.com (NASDAQ: WIX) reported its first-quarter financial results, posting revenue of $541.2 million. This figure represents a significant 14% increase compared to the same period last year and aligns closely with the average analyst estimate of $543.9 million.

Detailed Performance Overview

Despite the strong revenue growth, some key metrics fell slightly short of expectations. The company’s adjusted gross margin for the quarter was 66%, a decrease from 69% in the prior year and below the anticipated 67.8%. Total bookings also came in just under estimates at $585.0 million, compared to the expected $586.8 million.

Company Outlook and Projections

Looking ahead, Wix provided a positive outlook for the second quarter, forecasting revenue growth in the mid-teens percentage range on a year-over-year basis. Furthermore, the company reaffirmed its full-year 2026 guidance, maintaining its expectation for both bookings and revenue to grow at a mid-teens percentage rate. For 2026, Wix anticipates its free cash flow margin, excluding acquisition costs, to be in the high-teens.

In Summary

Wix.com's first quarter demonstrates solid top-line growth that meets market expectations. However, slight misses on gross margin and bookings indicate areas to watch. The company's confidence is reflected in its maintained long-term outlook, signaling a stable growth trajectory ahead.

FAQ

Q: What was Wix.com's reported revenue for Q1?
A: Wix.com reported first-quarter revenue of $541.2 million, marking a 14% increase year-over-year.

Q: Did Wix meet all its financial estimates for the quarter?
A: While revenue met analyst expectations, the adjusted gross margin at 66% and total bookings at $585.0 million were slightly below estimates.

Q: What is Wix's financial outlook for the future?
A: Wix expects mid-teens percentage revenue growth for Q2 and has maintained its full-year 2026 outlook for similar growth in both bookings and revenue.

Source: Investing.com