Wix reported second quarter revenue of $563.1 million, up 15% year-over-year, beating analyst estimates of $554 million. Non-GAAP diluted EPS came in at $1.39, also ahead of the expected $1.19. However, total bookings of $569.1 million, while up 12% year-over-year, missed the consensus forecast.
Key Highlights
- Revenue grew 15% YoY to $563.1 million, driven by a 15% increase in Creative Subscriptions and a 14% increase in Business Solutions revenue.
- Total bookings rose 12% YoY to $569.1 million, falling short of analyst expectations of $605 million.
- The company's proprietary AI model, Base 1, is expected to drive the Base44 platform's non-GAAP gross margin to approximately 60% in the second half of 2026, a significant improvement from near-zero at the start of the year.
- Wix reiterated its full-year 2026 revenue growth outlook of a low- to mid-teens percentage.