NOT INVESTMENT ADVICE - FOR INFO
Historic low, outstanding potential, great moment to grab a bargain?
* Q1 bookings of $585 million, up 15% y/y, and revenue of $541 million, up 14% y/y, driven by new cohort momentum powered by Base44 strength
* New user cohort bookings increased \~46% year-over-year
* Wix Harmony now running on its own proprietary AI model, built by Wix for speed without sacrificing accuracy when applied to Harmony websites
* Powerful new features further position Base44 as a leader in AI-powered innovation, including Superagents, a native AI assistant, and new Figma to Base44 integration
* Achieved \~$150 million of ARR as of May as momentum continues to ramp
* Repurchased \~30% of outstanding Wix shares in early April through tender program