Israel's Wix slightly beats Q3 revenue estimates, maintains 2026 forecast
WIX•Wix's third-quarter revenue rose 13% year over year to $570 million, slightly above the $565.98 million analyst estimate, while bookings increased 11% to $573 million. It maintained its 2026 revenue and bookings growth outlook and lowered its adjusted free cash flow margin forecast to about 16%.
1. Quarterly results
Wix reported third-quarter revenue of $570 million, up 13% year over year and slightly above the $565.98 million analyst estimate. Bookings grew 11% to $573 million, driven by strong demand for Base44 and accelerated marketing investments. The company reported a loss per share of $0.32 and an adjusted gross margin of 69%.
2. 2026 outlook
Wix maintained its full-year 2026 revenue growth guidance at low- to mid-teens year over year and expects bookings growth in the low teens. It now expects 2026 free cash flow margin, excluding acquisition and restructuring costs, to be about 16%, down from its previous high-teens outlook.
3. Leadership and drivers
The company named Nir Zohar co-CEO, formalizing its existing leadership structure. Wix said retention of the earliest Base44 user cohort at the 12-month mark exceeded expectations, with renewal rates improving across subsequent cohorts. It attributed a sequential increase in non-GAAP gross margin to lower AI inference costs from its proprietary Base 1 model.
