Wix.com (NASDAQ:WIX) reported first-quarter revenue that broadly matched analyst expectations, as continued growth in subscriptions and platform activity supported double-digit year-on-year gains.
The company generated revenue of $541.2 million during the quarter, compared with the average analyst estimate of $543.9 million. Revenue increased 14% from the same period last year.
Margins soften while bookings narrowly miss forecasts
Adjusted gross margin for the quarter came in at 66%, down from 69% a year earlier. Analysts had forecast a gross margin of 67.8%.
Total bookings reached $585.0 million during the period, slightly below market expectations of $586.8 million.
Company maintains full-year outlook
Wix.com said it expects second-quarter revenue growth to remain in the mid-teens percentage range on a year-over-year basis.
The company also reaffirmed its existing guidance for full-year 2026, continuing to forecast mid-teens annual growth for both bookings and revenue.
For the full 2026 fiscal year, Wix.com expects free cash flow margin, excluding acquisition-related costs, to remain in the high-teens percentage range.