Wix.com Ltd. reported second quarter 2026 financial results with total revenue of $563.1 million, a 15% year-over-year increase, and bookings of $569.1 million, up 12%. Creative Subscriptions revenue rose 15% to $398.4 million, while Business Solutions revenue grew 14% to $164.7 million. The company reported a GAAP net loss of $76.4 million ($1.78 per share) but achieved non-GAAP net income of $68.2 million ($1.39 diluted per share). Free cash flow was $52.6 million, or 11% of revenue excluding restructuring costs. Wix reiterated its full-year 2026 outlook, expecting low-to-mid-teens revenue growth and high-teen free cash flow margins. Management highlighted the launch of Base44's proprietary LLM, Base 1, which is expected to drive non-GAAP gross margins for that segment to approximately 60% in the second half of the year, up from near-zero previously. The company operates in the online website creation and digital presence industry.

Wix.com Ltd. announced an organizational realignment to streamline operations, which includes a reduction in workforce by approximately 20% or 1,000 employees. The company expects FY 2026 free cash flow (excluding acquisition and restructuring costs) to be approximately $420 million, and anticipates an approximately $50 million reduction in bookings and $25 million reduction in revenue for FY 2026 due to the realignment and a slowdown in the Partners business.