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Investing.com -- Wix (NASDAQ:WIX).com reported first-quarter earnings and revenue that beat analyst expectations, while offering Q2 guidance that missed consensus estimates at the midpoint.
The company’s shares fell nearly 2% in U.S. premarket trading Wednesday.
The website development platform posted Q1 earnings of $1.69 per share, exceeding estimates of $1.63. Revenue rose 13% year-over-year to $473.3 million, slightly ahead of the $472 million expected by analysts.
For the second quarter, Wix projects revenue between $485 million and $489 million, broadly in line with market expectations of $488.2 million.
“Our strong first quarter results demonstrate the critical value of the Wix platform to anyone and everyone requiring an online presence globally amid an ever evolving macro environment, particularly SMBs," said Lior Shemesh, CFO at Wix.
"Top of funnel demand was very strong with Q1’25 new user cohort bookings finishing 12% higher than the bookings generated by the Q1’24 cohort in its first quarter. This acceleration in new cohort growth was almost entirely driven by better fundamentals, particularly an increased number of users, as well as product innovation. "
The company said it anticipates continued strength from new user cohorts, which is expected to support accelerating top-line growth in the second half of the year.
For full-year 2025, Wix reiterated its outlook for a non-GAAP gross margin of around 70% and operating expenses at 47–48% of revenue.