wavemovies/iStock Editorial via Getty Images Shares of Wix.com ( WIX ) fell about 3% premarket on Wednesday after first quarter results missed analysts' estimates. Q1 Metrics The Israel-based web development company's first quarter non-GAAP EPS slumped about 56% year-over-year to $0.68, while revenue jumped 14% year-over-year to $541.2M. However, both top and bottom line numbers missed analysts' e...
wavemovies/iStock Editorial via Getty Images Shares of Wix.com ( WIX ) fell about 3% premarket on Wednesday after first quarter results missed analysts' estimates. Q1 Metrics The Israel-based web development company's first quarter non-GAAP EPS slumped about 56% year-over-year to $0.68, while revenue jumped 14% year-over-year to $541.2M. However, both top and bottom line numbers missed analysts' expectations. "Bookings from our Q1’26 new user cohort increased almost 50% year-over-year, with meaningful contribution from Base 44 and healthy core Wix new cohort performance. Core Wix Creative Subscriptions gross margin was stable as AI costs remained minimal, and we expect margins to remain unchanged as we control costs while we scale our platform through the year, particularly Harmony," said Wix's CFO Lior Shemesh. The company's total bookings in the first quarter of 2025 grew 15% year-over-year to $585M. Creative Subscriptions revenue climbed 13% year-over-year to $382.4M, while Business Solutions revenue surged 17% year-over-year to $158.8M. Partners revenue soared 19% year-over-year to $203.4M. GAAP net loss in the first quarter was $57.5M, according to the company. Wix said that in April, it bought back about 17.5M ordinary shares at $92 apiece for around $1.6B. Outlook For the second quarter of 2026, Wix expects revenue to grow at a mid-teens percentage on a year-over-year basis. The company maintained its previous full year 2026 outlook and continues to expect both bookings and revenue to grow at mid-teen percentages on a year-over-year basis. Wix said that its outlook accounts for the slower-than-expected start to the year in its Partners business and impact from productivity headwinds due to the war in the Middle East, which has pushed out certain important product rollouts for its professional audience. The company expects to largely offset these near-term challenges with a broader set of growth initiatives across its core Wix business. Wix noted that its conv...
Yang Lifeng Italian authorities have taken a prominent Chinese business leader into custody as part of a widening crackdown on underground banking and money laundering networks tied to the country’s Chinese diaspora. Yang Lifeng, president of the Federation of Chinese Entrepreneurs in Venice, was taken away on April 27 by Italy’s Guardia di Finanza, the country’s financial police force. He is curr...
Yang Lifeng Italian authorities have taken a prominent Chinese business leader into custody as part of a widening crackdown on underground banking and money laundering networks tied to the country’s Chinese diaspora. Yang Lifeng, president of the Federation of Chinese Entrepreneurs in Venice, was taken away on April 27 by Italy’s Guardia di Finanza, the country’s financial police force. He is currently being held in custody.
Raiffeisen Bank International AG improved its bid to buy Addiko Bank AG , intensifying the race to buy the Balkans consumer lending specialist. The Austrian bank raised its offer by 15% to €26.50 ($31.04) per Addiko share, according to a statement Wednesday. That price is 10% below the €29 per share the lender was trading in Vienna at 10:50 a.m. Earlier in the day, Slovenian lender Nova Ljubljansk...
Raiffeisen Bank International AG improved its bid to buy Addiko Bank AG , intensifying the race to buy the Balkans consumer lending specialist. The Austrian bank raised its offer by 15% to €26.50 ($31.04) per Addiko share, according to a statement Wednesday. That price is 10% below the €29 per share the lender was trading in Vienna at 10:50 a.m. Earlier in the day, Slovenian lender Nova Ljubljanska banka d.d . published its purchase offer for €29 per share aimed at gaining a controlling interest in Addiko. Raiffeisen’s offer would involve a subsequent sale of Addiko’s operations in Serbia, Bosnia Herzegovina and Montenegro. Read More: Slovenia’s NLB Sets Takeover Bid for Addiko at €29 Per Share Addiko wrote earlier on Wednesday that it will respond to the new situation after formal offers have been submitted. The Vienna-based lender also reported first-quarter profit after tax, which dropped 30% to €10.1 million. Addiko was created as the so-called good bank of Hypo Alpe Adria following a 2009 nationalization to avert a collapse, and specializes in consumer lending across the Balkans. Larger peers have been eyeing a takeover since an IPO in 2019 that saw private equity investor Advent International Corp. cashing out on its stake, leading to a fragmented shareholder structure. Austrian financial investor Alex Schuetz’s S-Quad, Agri Europe — now called Aik Group — and Alta Group each hold just under 10% in Addiko, while the European Bank for Reconstruction and Development and Austrian investors Winegg and Jelitzka+Partner own smaller stakes, according to a shareholder structure published on Addiko’s website.
Hims & Hers Stock Plunges After Q1 Miss: Is the GLP-1 Pivot Enough to Fuel a Recovery?Novo Nordisk A/S (NYSE:NVO) said its first quarter of 2026 was marked by rapid uptake of its newly launched Wegovy pill in the U.S., continued expansion of its obesity franchise and a series of
Hims & Hers Stock Plunges After Q1 Miss: Is the GLP-1 Pivot Enough to Fuel a Recovery?Novo Nordisk A/S (NYSE:NVO) said its first quarter of 2026 was marked by rapid uptake of its newly launched Wegovy pill in the U.S., continued expansion of its obesity franchise and a series of
Artificial intelligence (AI) and quantum computing aren't the only trends exciting investors on Wall Street. Stock split announcements from industry leaders are also fueling significant upside. Last week, semiconductor process control market kingpin KLA Corp (NASDAQ: KLAC) announced its intent to conduct a 10-for-1 forward stock split , marking the sixth forward split in its history. But it may ha...
Artificial intelligence (AI) and quantum computing aren't the only trends exciting investors on Wall Street. Stock split announcements from industry leaders are also fueling significant upside. Last week, semiconductor process control market kingpin KLA Corp (NASDAQ: KLAC) announced its intent to conduct a 10-for-1 forward stock split , marking the sixth forward split in its history. But it may have also rolled out the red carpet for a foundational AI company that's up nearly 4,200% over the trailing year, Sandisk (NASDAQ: SNDK) , to join the party as Wall Street's next stock-split stock. Image source: Getty Images. Continue reading
Qnity Electronics (NYSE:Q) reported first-quarter financial results on Tuesday. The transcript from the company's first-quarter earnings call has been provided below. This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation. Access the full call at https://event.on24.com/wcc/r/5304863/13B583BE38AA...
Qnity Electronics (NYSE:Q) reported first-quarter financial results on Tuesday. The transcript from the company's first-quarter earnings call has been provided below. This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation. Access the full call at https://event.on24.com/wcc/r/5304863/13B583BE38AAAC829D30E77A12130D1F Summary Qnity Electronics Inc reported an 18% year-over-year increase in net sa
PMGC Holdings ( ELAB ) has acquired A&B Aerospace, a precision machining and aerospace manufacturing company specializing in high-tolerance parts and assemblies for the aerospace industry. The base purchase price is $4.5M in cash, consisting of $4,275,000 paid at closing and a $225,000 indemnification holdback retained by PMGC at closing. The deal marks PMGC’s fifth acquisition in the past twelve ...
PMGC Holdings ( ELAB ) has acquired A&B Aerospace, a precision machining and aerospace manufacturing company specializing in high-tolerance parts and assemblies for the aerospace industry. The base purchase price is $4.5M in cash, consisting of $4,275,000 paid at closing and a $225,000 indemnification holdback retained by PMGC at closing. The deal marks PMGC’s fifth acquisition in the past twelve months and advances the company’s previously announced roll-up strategy focused on assembling a U.S. precision manufacturing platform of AS9100D-certified CNC machining businesses serving the aerospace, defense, and industrial end markets. A&B Aerospace will continue operating from its existing facility in Azusa, California, under a lease entered into at closing. For the trailing twelve-month period ended February 28, 2026, the business recorded ~$5M in revenue and ~$610K in management-adjusted EBITDA. More on Elevai Labs Financial information for Elevai Labs
Bitcoin price climbed to a 24-hour high of $81,000 as Trump-China trade news pushed BTC toward its most structurally significant resistance in months. The question now is whether the geopolitical narrative has enough legs to carry BTC through $90,000, or whether the move is front-running an outcome that hasn’t materialized ...
Bitcoin price climbed to a 24-hour high of $81,000 as Trump-China trade news pushed BTC toward its most structurally significant resistance in months. The question now is whether the geopolitical narrative has enough legs to carry BTC through $90,000, or whether the move is front-running an outcome that hasn’t materialized ...
BloombergNEF’s Tier 1 lists have become a defining feature of the clean energy industry. Built on real project deployment data, they track which manufacturers’ products are actually being used in large, recently financed projects, offering a transparent way to navigate markets crowded with hundreds of suppliers. That simplicity has made the lists highly influential, but being on (or off) the list ...
BloombergNEF’s Tier 1 lists have become a defining feature of the clean energy industry. Built on real project deployment data, they track which manufacturers’ products are actually being used in large, recently financed projects, offering a transparent way to navigate markets crowded with hundreds of suppliers. That simplicity has made the lists highly influential, but being on (or off) the list doesn’t tell the full story about product quality or risk. So what do these lists really reveal abou