Following the solid first-half performance, Wix raised its full-year 2025 revenue outlook to a range of $1.975 billion to $2.000 billion, up from the prior $1.97 billion to $2.00 billion, against a consensus of $1.987 billion. Bookings guidance was also nudged higher to $2.040 billion–$2.075 billion from $2.03 billion–$2.06 billion. For the third quarter, the company projects revenue between $498.00 million and $504.00 million, compared with an analyst estimate of $502.33 million. Wix reiterated its free cash flow target of $595 million–$610 million, excluding headquarters costs, and now expects adjusted operating expenses at roughly 49% of revenue due to ongoing AI, marketing and headcount investments related to the Base44 acquisition. Wix.com reported second-quarter revenue of $489.93 million, marking 12% year-over-year growth and beating the consensus estimate of $487.47 million. Adjusted earnings per share came in at $2.28, well above the analyst consensus of $1.74. Creative Subscriptions revenue rose 11% to $345.5 million, with associated bookings up 11% to $364.9 million. Partner revenue climbed 24% to $183.3 million, while Business Solutions revenue increased 17% to $144.5 million. The adjusted gross margin expanded by 200 basis points to 70%, and operating cash flow for the quarter reached $150.3 million. In response to the earnings beat and updated outlook, several firms maintained positive stances while recalibrating target prices. Needham’s Bernie McTernan kept a Buy rating but lowered his target from $250 to $200. Raymond James’ Josh Beck reiterated a Strong Buy, trimming his target to $200 from $250. Barclays’ Trevor Young maintained an Overweight rating with a revised target of $235 from $240. UBS’ Chris Zhang stayed at Buy but cut his target to $200 from $230. Scotiabank’s Nat Schindler remained at Sector Outperform and raised his target to $255 from $250.
Following the solid first-half performance, Wix raised its full-year 2025 revenue outlook to a range of $1.975 billion to $2.000 billion, up from the prior $1.97 billion to $2.00 billion, against a consensus of $1.987 billion. Bookings guidance was also nudged higher to $2.040 billion–$2.075 billion from $2.03 billion–$2.06 billion. For the third quarter, the company projects revenue between $498.00 million and $504.00 million, compared with an analyst estimate of $502.33 million. Wix reiterated its free cash flow target of $595 million–$610 million, excluding headquarters costs, and now expects adjusted operating expenses at roughly 49% of revenue due to ongoing AI, marketing and headcount investments related to the Base44 acquisition. Wix.com reported second-quarter revenue of $489.93 million, marking 12% year-over-year growth and beating the consensus estimate of $487.47 million. Adjusted earnings per share came in at $2.28, well above the analyst consensus of $1.74. Creative Subscriptions revenue rose 11% to $345.5 million, with associated bookings up 11% to $364.9 million. Partner revenue climbed 24% to $183.3 million, while Business Solutions revenue increased 17% to $144.5 million. The adjusted gross margin expanded by 200 basis points to 70%, and operating cash flow for the quarter reached $150.3 million. In response to the earnings beat and updated outlook, several firms maintained positive stances while recalibrating target prices. Needham’s Bernie McTernan kept a Buy rating but lowered his target from $250 to $200. Raymond James’ Josh Beck reiterated a Strong Buy, trimming his target to $200 from $250. Barclays’ Trevor Young maintained an Overweight rating with a revised target of $235 from $240. UBS’ Chris Zhang stayed at Buy but cut his target to $200 from $230. Scotiabank’s Nat Schindler remained at Sector Outperform and raised his target to $255 from $250.