02:12 PM EDT, 05/21/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Wix.com ( WIX ) shares dropped 13.6% in recent trading on Wednesday after its Q1 adjusted earnings fell short of analysts' consensus.

The company reported Q1 adjusted earnings Wednesday of $1.55 per diluted share, up from $1.29 a year earlier.

Analysts polled by FactSet expected $1.63.

Revenue for the quarter ended March 31 was $473.7 million, compared with $419.8 million a year earlier.

Analysts surveyed by FactSet expected $472 million.

For Q2, the company said it expects revenue of $485 million to $489 million. Analysts polled by FactSet expect $489.7 million.

The company maintained its 2025 revenue outlook of $1.97 billion to $2 billion.

Analysts polled by FactSet expect $1.98 billion.

Price: 157.09, Change: -24.65, Percent Change: -13.56