Wix Stock Closes Down 8.33% Ahead of Third-Quarter Results Announcement on November 10
Key Facts
Wix shares closed at $69.75 on November 9, down $6.34, or 8.33% in the session, according to Yahoo Finance data. The decline came a day before the company announced its third-quarter 2026 results, so it does not represent a reaction to those results. Wix had scheduled the release of results for the quarter ended September 30 before the market opened on November 10. It also announced that management would hold a call that morning at 8:30 a.m. Eastern Time. The decline put the stock at its closing level immediately before the announcement, as investors awaited the quarterly figures and an update to the annual outlook.
Before the results were released, Investing.com analysts expected earnings of $1.40 per share and revenue of $565.99 million in the third quarter. These figures are analyst estimates, not the company's actual results. The quarterly estimates came against earlier guidance from Wix that third-quarter revenue would grow at a low-teens rate year over year. In the same guidance, the company said it expected its 2026 free cash flow margin, excluding acquisition and restructuring costs, to remain in the high teens. The company had said it “continues to expect” to reach that margin level during the fiscal year.
In the second quarter of 2026, Wix bookings totaled about $569 million, up 12% year over year, while revenue reached $563 million, an increase of 15%. The company attributed that performance to Base44 and continued growth in its core Wix business. These quarterly results provide context on bookings and revenue trends ahead of the next quarter's figures, with the two indicators differing in value and growth rate. Analysts' third-quarter revenue estimate of $565.99 million was slightly above the $563 million recorded in the second quarter. The company's earlier guidance focused on the expected year-over-year revenue growth rate in the third quarter, rather than a specific revenue figure.
Wix's earlier guidance also included an assumption about Base44's non-GAAP gross margin. The company expected that margin to reach about 60% in the second half of 2026, compared with a margin near zero at the start of the year. Wix linked this assumption to a significant improvement in the margin during the remainder of the year, according to its second-quarter results release. This forecast accompanied the company's reference to Base44 as one of the factors behind its second-quarter performance, without specifying how much it contributed to bookings or revenue.
The announced schedule covered results for the months ended September 30, to be released before trading began on November 10, followed by a management call at 8:30 a.m. Eastern Time. Ahead of that date, the latest closing price available in the cited data was $69.75 in the November 9 session. Analyst estimates also pointed to earnings of $1.40 per share and revenue of $565.99 million, while Wix's earlier guidance included low-teens year-over-year growth in third-quarter revenue and an annual free cash flow margin in the high teens, excluding acquisition and restructuring costs.