Wix.com Lowering Bookings and Revenue Growth Forecasts due to Partner Slowdown and ~20% RIF

Research evidence excerpt

Wix.com Lowering Bookings and Revenue Growth Forecasts due to Partner Slowdown and ~20% RIF

J P M O R G A N North America Equity Research

08 June 2026

Wix.com Underweight

WIX, WIX US

Lowering Bookings and Revenue Growth Forecasts Price (05 Jun 26):$52.39

due to Partner Slowdown and ~20% RIF

Vertical SaaS & HealthTech

This morning, Wix released a Form 6-K detailing the financial impact of its ~20% Alexei Gogolev AC

organizational RIF. The company cited the reorganization and slower growth in the (1-212) 622-9391

Partners business as the primary reasons for revising down 2Q26E and FY26E alexei.gogolev@jpmorgan.com

guidance. New forecasts imply low- to mid-teens FY26E revenue growth and low- Ella Smith

teens growth for bookings (both FY26E metrics were expected to grow at mid- (1-212) 622-2451

teens less than four weeks ago when the company reported their 1Q26 earnings). ella.smith@jpmchase.com

WIX management framed the action as a broader organizational realignment: Destiny Jackson

streamlining operations, scaling back and discontinuing certain initiatives/ (1-212) 622-4360

destiny.jackson@jpmorgan.com

products/subsidiaries, and focusing on Base44. Wix reiterated that Harmony and

Isabella A Camaj

Base44 are performing in line with expectations. In our recently published deep (1-212) 834-2379

dive we flagged feedback from existing Wix Partners (link here), detailing the bella.camaj@jpmorgan.com

competitive pressures from AI which Wix Partners already face and further J.P. Morgan Securities LLC

foresee.

• The key incremental read-through: Partners decelerating faster than

expected. Wix described a more pronounced slowdown than previously

expected in the Partners business in the back half of May and early June, which