Wix Beats Q1 Expectations but Stock Plunges 12% on Tepid Q2 Outlook

Wix.com (NASDAQ:WIX) posted better-than-expected first-quarter results, but shares plunged 12% intra-day today as second-quarter guidance came in only marginally ahead of consensus at the high end.

The company reported Q1 earnings of $1.69 per share, surpassing analyst estimates of $1.63. Revenue grew 13% year-over-year to $473.3 million, slightly ahead of the $472 million forecast.

For Q2, Wix guided revenue between $485 million and $489 million, with the midpoint falling just below the $488.2 million consensus, tempering investor enthusiasm despite strong execution in the prior quarter.

The company highlighted ongoing momentum from newer user cohorts, which it expects to fuel accelerating growth in the second half of 2025.

Wix reaffirmed its full-year outlook, projecting a non-GAAP gross margin of approximately 70% and operating expenses in the range of 47% to 48% of revenue.