Investing.com -- Wix (NASDAQ: WIX ).com Ltd, the cloud-based web development platform, reported its Q1 2025 results on Wednesday, with operating income coming in at $37.405 million for the quarter.
A gross profit of $321.859 million was recorded, with a net income of $33.766 million.
The company’s revenue for the first quarter was $473.7 million, slightly above the IBES estimate of $472.1 million.
The company also reported a free cash flow of $142.4 million and an adjusted gross margin of 69% for the quarter.
Looking ahead to the next quarter, Wix.com Ltd expects its Q2 2025 revenue to be between $485-$489 million, which would represent a year-over-year increase of 11-12%.
In addition, the company is maintaining its full-year revenue outlook for 2025, which is projected to be in the range of $1,970 - 2,000 million.
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