Wix.com Shares Tumble Amid 1Q Loss

Dow Jones05-14 02:01

By Christopher Kuo

Wix.com shares fell after the company swung to a loss in the first quarter amid higher operating costs.

Shares of the web development platform dropped 25% to $57.25. The company's stock fell to a five-year low of $51.60 on Wednesday.

The company posted a loss of $57.5 million, or $1.02 a share, compared with a profit of $33.8 million, or 61 cents a share, a year earlier.

Adjusted per-share earnings came in at 68 cents a share. Analysts polled by FactSet expected $1.24 a share.

Revenue rose to $541.2 million from $473.7 million. Analysts expected $544 million.

The company's operating expenses rose to $423.1 million from $284.5 million a year earlier, particularly in its research and development and selling and marketing categories.

The company reafirmed its full year outlook and expects bookings nad revenue to grow at mid-teens percentage on a year-over-year basis. Wix.com said its outlook reflects productivity headwinds due to the war in the Middle East, which pushed out certain proudtct rollouts for the company's professional audience.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 13, 2026 14:01 ET (18:01 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The company's stock fell to a five-year low of $51.60 on Wednesday. \n</p>\n<p>\n  The company posted a loss of $57.5 million, or $1.02 a share, compared with a profit of $33.8 million, or 61 cents a share, a year earlier. \n</p>\n<p>\n  Adjusted per-share earnings came in at 68 cents a share. Analysts polled by FactSet expected $1.24 a share. \n</p>\n<p>\n  Revenue rose to $541.2 million from $473.7 million. Analysts expected $544 million. \n</p>\n<p>\n  The company's operating expenses rose to $423.1 million from $284.5 million a year earlier, particularly in its research and development and selling and marketing categories. \n</p>\n<p>\n  The company reafirmed its full year outlook and expects bookings nad revenue to grow at mid-teens percentage on a year-over-year basis. 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