Wix.com Ltd. provided earnings guidance for the fourth quarter and full year 2022. For the quarter, the company expects total revenue to be $349to $354 million, representing approximately 5 - 6% y/y growth.

For the full year, the company now expects revenue to grow 9% y/y. This updated full year guidance reflects the impact of FX rates, which worsened through the third quarter and into November. Assuming FX rates remained constant from July, The company would expect revenue growth for the full year to be 10%, consistent with the high end of previous guidance. Changes in FX rates have had a significant impact on reported results to date and on expectations for the full year. Assuming y/y constant currency rates as of today: full year total revenue outlook would be ~$20 million higher, or 10-11% y/y growth.