Wix.com (WIX) Misses Q1 EPS by 8c; Guides Lower

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Go back to Wix.com (WIX) Misses Q1 EPS by 8c; Guides Lower

Wix Reports First Quarter 2022 Results

May 16, 2022 1:00 AM EDT

Q1'22 total revenue of $342 million, up 14% y/y and representing a two-year CAGR of 27%Q1'22 total bookings of $393 million, up 12% y/y and representing a two-year CAGR of 26%Continued execution of long term strategy illustrated by increased revenue generated through partners1 in Q1'22 of $82 million, up 41% y/y and transaction revenue2 of $36.6 million, an increase of 24% y/yAdopted board-approved financial plan to reach 20% FCF margins by 2025

NEW YORK, May 16, 2022 /PRNewswire/ --... More