Wix.com Q1 2023 Earnings Report

Wix.com EPS Results

• Actual EPS: -$0.06
• Consensus EPS: -$0.69
• Beat/Miss: Beat by +$0.63
• One Year Ago EPS: N/A

Wix.com Revenue Results

• Actual Revenue: $374.08 million
• Expected Revenue: $368.86 million
• Beat/Miss: Beat by +$5.22 million
• YoY Revenue Growth: N/A

Wix.com Announcement Details

• Quarter: Q1 2023
• Date: 5/17/2023
• Time: N/A

Wix.com (NASDAQ:WIX), together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers. It also provides Wix Logo Maker that generates a logo, including through the use of artificial intelligence; Wix Answers to support users; and Payments by Wix, a payment platform, which helps its users receive payments from their customers through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online. Further, it provides a range of complementary services, including Wix App Market, a marketplace that offers its registered users various free and paid web applications for building, growing, and managing their businesses; Wix marketplace that brings users seeking help in creating and managing a website together with Web experts; and Wix owner App, a native mobile application, which enables users to manage their Websites and Wix operating systems. The company was formerly known as Wixpress Ltd. The company was incorporated in 2006 and is headquartered in Tel Aviv, Israel.