- Wix.com press release ( NASDAQ: WIX ): Q2 GAAP EPS of -$1.92 misses by $0.64 .
- Revenue of $345.2M (+9.4% Y/Y) beats by $0.87M .
- Total bookings of $354.6M, up 3% Y/Y, and $365.2M on a constant currency basis, up 7% Y/Y.
- Total non-GAAP gross margin in the second quarter of 2022 was 62%.
- For Q3, we expect total revenue to be $341 to $345 million vs. consensus of $355.54M, representing 7 - 8% Y/Y growth.
- For the full year, we now expect revenue to grow 8 - 10% Y/Y vs. estimated growth of 11.46% Y/Y.
- We expect free cash flow to be roughly 2-3% of revenue in 2022, inclusive of the cost reduction plan and Y/Y FX rate headwinds through July. On a Y/Y constant currency basis, this would translate into free cash flow margin of 4 - 5% of revenue for full year 2022.
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Wix.com reports mixed Q2 earnings; narrows FY22 revenue guidance and issues Q3 outlook