Wix Q3 Revenue Rises 13% to $570.2M as Base44 ARR Nears $250M
Wix Q3 revenue rose 13% to $570.2M and ARR passed $2B for the first time as Base44 ARR neared $250M; Nir Zohar was named co-CEO.
Wix.com Ltd. (WIX) reported third-quarter 2026 results on Tuesday, with total revenue of $570.2 million, up 13% from a year earlier, and total bookings of $573.0 million, up 11%. Annual recurring revenue reached $2.021 billion, up 15% year over year, the first time it has passed $2 billion.
The growth was driven by Base44, the app-building tool Wix acquired in June 2025. Base44's annual recurring revenue is now close to $250 million, according to the company, up from near zero a year earlier. Its non-GAAP gross margin reached 58% in the quarter, up from nearly zero in the first quarter, and Wix expects it to exit the year above 60% and approach the core business level of about 70% in 2027. The company attributed the improvement to lower AI inference costs from its proprietary Base 1 model.
Creative Subscriptions revenue rose 14% to $406.7 million and Business Solutions revenue rose 10% to $163.5 million. On a GAAP basis, Wix posted a net loss of $13.7 million, or $0.32 per share, while non-GAAP net income was $69.3 million, or $1.42 per diluted share. Net cash from operating activities was $78.3 million and free cash flow was $74.5 million; excluding restructuring costs, free cash flow would have been $99.6 million, or 17% of revenue.
Wix also announced that Nir Zohar, co-founder and president, has been appointed co-CEO alongside founder Avishai Abrahami, effective immediately. Zohar has served as chief operating officer since 2008 and president since 2013. Abrahami said the move formalizes a partnership that has guided the company for nearly 20 years, with Zohar leading business strategy, go-to-market and operations.
Shares of Wix were up 7.0% in delayed trading after the report. The company said it will provide its outlook for the fourth quarter and full year 2026 in its shareholder update.