Wix.com, Ltd. (WIX), on Wednesday, reported net loss in the first quarter despite higher revenue compared with the previous year. The company also maintains its full-year 2026 guidance.
For the first quarter, net loss came in at $57.5 million, or $1.02 per share.
Adjusted net income for the period was at $42.5 million, or $0.68 per share
Revenue increased to $541.17 million from $473.65 million in the previous year.
The company's bookings increased to $584.99 million from $510.91 million in the prior year.
Looking ahead, the company is maintaining its previous full-year 2026 outlook and continues to expect both bookings and revenue to grow at mid-teens percentage on a year-over-year basis.
For the second quarter of 2026, the company expects revenue to grow at a mid-teens percentage on a year-over-year basis.
On Tuesday, Wix.com closed trading 4.32%, 3.43 cents lesser at $75.88 on the Nasdaq. Overnight, the stock is further trading 1.19%, 0.90 cents lesser at $74.98.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.