Shares of Wix.com (NASDAQ: WIX) tumbled 5.85% in pre-market trading on Wednesday following the release of its first-quarter 2025 earnings report and maintained full-year guidance that fell short of analyst expectations. The web development platform provider's conservative outlook, citing macroeconomic uncertainties, appears to have spooked investors.

Wix reported quarterly earnings of $1.55 per share, missing the analyst consensus estimate of $1.60. However, the company's revenue slightly exceeded expectations, coming in at $473.65 million compared to the estimated $472.86 million. Despite the revenue beat, Wix maintained its full-year 2025 revenue outlook of $1.97 billion to $2 billion, which is below the analyst consensus of $2.02 billion.

Adding to investor concerns, Wix cited macro uncertainty as a reason for its conservative guidance, particularly in its Business Solutions segment. The company expects Q2 2025 revenue to be between $485 million and $489 million, which is lower than the analyst consensus of $503.61 million. In response to the earnings report and outlook, BofA Global Research cut its price objective on Wix.com from $270 to $230, further pressuring the stock. The combination of these factors has led to the significant pre-market decline as investors reassess their expectations for Wix's growth trajectory in the face of potential economic headwinds.