Wix.com Ltd. (NASDAQ:WIX) shares fell sharply in premarket trading Wednesday after the software-as-a-service website builder reported first-quarter 2026 results that missed Wall Street expectations on both revenue and earnings.

Wix Q1 Results Miss Expectations

The company reported quarterly revenue of $541.2 million, up 14% from a year earlier but below analysts' consensus estimate of $544.2 million. Adjusted earnings came in at 68 cents per share, missing expectations of $1.25 per share.

Total annual recurring revenue rose 15% year over year to $1.9 billion at the end of the quarter.

Segment Performance Shows Continued Expansion

Creative Subscriptions revenue increased 13% to $382.4 million, while bookings for the segment rose 13% to $418.8 million. Partners revenue climbed 19% to $203.4 million during the quarter.

Business Solutions revenue increased 17% to $158.8 million, and bookings for the segment jumped 18% to $166.2 million.

Wix ...