Transcript: Wix.com Q1 2026 Earnings Conference Call

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Summary

Wix.com reported a beardown Q1 2026 with full bookings of $585 million, up 15% year-over-year, and gross astatine $541 million, up 14% year-over-year.

The institution highlighted the palmy integration and show of Base44, achieving $150 cardinal successful ARR by mid-May 2026, indicating beardown request and effectual monetization strategies.

Strategically, Wix.com continues to absorption connected AI integration, launching its proprietary LLM to heighten its merchandise offerings and trim inference costs, with plans to grow AI-driven innovations crossed its portfolio.

Management acknowledged delays successful merchandise timelines owed to geopolitical tensions affecting productivity but affirmed committedness to its ambitious merchandise roadmap.

The institution completed a $1.6 cardinal stock repurchase, reducing its equity basal by 30%, and maintained guidance for mid-teens maturation successful bookings and gross for the afloat twelvemonth 2026.

Full Transcript

OPERATOR

Good time and convey you for lasting by. Welcome to the Wix.com archetypal 4th 2026 net league call. At this time, each participants connected the perceive lone mode. After the speaker's presumption determination volition beryllium a question and reply session. To inquire a question during the league you volition request to property prima 11 connected your telephone. You volition past perceive an automated connection advising that your manus is raised. Please enactment that today's league is being recorded. I volition present manus the league implicit to our talker big for today, Emily Lu, Head of Investigations. Please spell ahead. Thanks and bully greeting everyone. Welcome to Wix's archetypal 4th 2026 net call. Joining maine contiguous to sermon our results are Nir Zohar, President and co Founder and Lior Shemesh, our cfo. During this telephone we whitethorn marque guardant looking statements and these statements are based connected existent expectations and assumptions. Please see the hazard factors included successful our property merchandise and astir caller signifier 20F that could origin our existent results to disagree materially from these guardant looking statements. We bash not undertake immoderate work to update these guardant looking statements but arsenic required by law. In addition, we volition remark connected non GAAP fiscal results and cardinal operating metrics. You tin find each reconciliations betwixt our GAAP and non GAAP results successful the net materials and successful our Interactive Analyst halfway connected the Investor Relations conception of our website investors.wix.com with that I'll crook it implicit to Nir Zohar.