Wix.com (WIX) reported Q1 adjusted earnings Wednesday of $0.68 per diluted share, down from $1.55 a year earlier.

Analysts surveyed by FactSet expected $1.24.

Revenue for the quarter ended March 31 was $541.2 million, up from $473.7 million a year earlier.

Analysts polled by FactSet expected $544 million.

For Q2, the company expects revenue to grow at a mid-teens percentage.

For 2026, the company continues to expect revenue to grow at a mid-teens percentage.

Shares of the company were over 5% lower in premarket trade.