Wix.com Ltd. (NASDAQ:WIX) on Wednesday reported downbeat first-quarter 2026 results.

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.

For the second quarter, Wix projected revenue growth in the mid-teens. The company also reiterated its full-year 2026 free cash flow margin outlook in the high-teens, excluding acquisition-related costs.

The company reaffirmed its full-year 2026 guidance, expecting bookings and revenue to increase by a mid-teens percentage year over year.

“As innovation in the web and app building space has accelerated over the past few quarters, my conviction in its long-term value and Wix’s market positioning remains strong,” said Avishai Abrahami, Wix Co-founder and CEO. “We recently built our own proprietary LLM that is now ...