Wix.com narrows FY25 revenue view to $1.98B-$2B from $1.97B-$2B

Consensus $1.99B. The company said, “As a result, we are raising our full year bookings outlook to $2,040 – $2,075 million, or 11-13% y/y growth, compared to $2,025 – $2,060 million previously. This increased expectation assumes a continued upwards trend in new cohort behavior, contribution from Base44 and current FX rates. We are updating our full year revenue outlook to $1,975 – 2,000 million, up 12-14% y/y, compared to the prior outlook of $1,970 – 2,000 million. We continue to anticipate revenue growth acceleration in 2H. For the full year 2025, we now expect non-GAAP total gross margin of ~69% and non-GAAP operating expenses to be ~49% of revenue. This reflects higher cost of revenue and operating expenses than previously anticipated as a result of incremental ongoing AI, marketing and headcount investments we plan to make to operate, integrate and grow Base44. With higher bookings expectations offsetting these increased costs, we now expect to generate free cash flow of $595 – $610 million in 2025, or 30-31% of revenue.”