Shares of Wix.com (NASDAQ: WIX) tumbled 5.85% in pre-market trading on Wednesday following the company's first-quarter earnings report that fell short of analyst expectations and a maintained conservative outlook for the full year.

The website builder platform reported adjusted earnings per share of $1.55 for Q1 2025, missing the analyst consensus estimate of $1.60. While revenue grew 13% year-over-year to $473.7 million, slightly beating estimates, the company's guidance for the rest of the year disappointed investors. Wix maintained its full-year 2025 revenue outlook of $1.97 billion to $2 billion, below the analyst consensus of $2.02 billion, citing macroeconomic uncertainties, particularly in its Business Solutions segment.

Despite the earnings miss and cautious outlook, Wix highlighted strong top-of-funnel demand and robust new user cohort bookings. The company also announced an increase to its stock buyback program, authorizing up to $400 million in total repurchases. However, these positive factors were overshadowed by the conservative guidance and broader market concerns about the tech sector's growth prospects in a challenging economic environment.