Wix.com Ltd.

Good day and thank you for standing by. Welcome to the WIC's Q3 2026 Earnings Conference Call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Emily Liu, Investor Relations. Please go ahead.

Thanks, and good morning, everyone. Welcome to WIX's third quarter 2026 earnings call. Joining me today to discuss the results are Avishai Abrahami and Nir Zohar, our co-CEOs and co-founders, and Lior Shemesh, our CFO. During this call, we may make forward-looking statements, and these statements are based on current expectations and assumptions. Please consider the risk factors included in our press release and most recent Form 20F that could cause our actual results to differ materially from these forward-looking statements. We do not undertake any obligation to update those forward-looking statements except as required by law. In addition, we will comment on non-GAAP financial results and key operating metrics. You can find all reconciliations between our GAAP and non-GAAP results in the earnings materials and in our interactive analyst center on the investor relations section of our website, investors.wix.com. With that, I'll turn the call over to Avishai.

Thanks, Emily. This quarter, we expanded our addressable market, and we did it with products that are already in the hands of users and generating revenue. Base44 is closing in on a quarter billion dollars of ARR, Symphony by Wix has gone from launch to encouraging early top-line results in under three months, and Studio 2 is now live with partners and opens a path into a Wix enterprise offering for the first time. All of it runs on AI-native infrastructure that we control, delivered by an organization that is materially leaner than the one we had four years ago. Growth, speed, and efficiency have been the three things I've asked the company to deliver this year. and this quarter speaks to progress on each of them. Starting with base 44, demand in the second half of the year has run ahead of what we modeled. The flywheel here is working, where paid marketing and brand investment build recognition and recognition drives organic sign-ups. Given the strength of what we are seeing, we have chosen to accelerate marketing investment to capture as much of this demand as we can while the category is still forming. With the emphasis on maintaining a leadership position in the most lucrative geographic markets such as the United States. Importantly, we've paired this exceptional growth with significant gross margin improvement, reaching almost 60% in the third quarter. Turning to Symfony, which we launched in August as a standalone multi-agent system that takes on the operational work of running SMBs, including marketing campaigns, incoming calls, and preparing the owner for the week ahead. Symfony ARR is already in the millions of dollars today. Within a month of our launch, several of the largest AI companies announced agent products of their own. I view this as validation of the opportunity rather than a threat. We also bring a distinct advantage, 20 years of small business data, workflows, and payment relationships sitting underneath our agents, a foundation that is difficult to replicate. Additionally, most of these competing AI agents on the market today are geared towards personal tasks, while Symphony focuses on addressing the business needs of SMBs, an attractive carve-out of this very large market. Last week, we launched Wix Studio 2, which I consider the best editor we have ever built and a strategically important product for our partner channel. Studio 2 is a completely open system, connected to every modern AI tool. We rebuilt the foundation so that AI generation, visual design on the canvas, and Standard React Code operate as one continuous workflow on the same project. A partner can now build and edit their website with ChatGPT, Cloud, Cursor or any other AI tool on top of Studio 2 without ever having to leave their preferred AI platform. Then, by leveraging Wix's design system and infrastructure, every change is reflected back in Studio 2. This was a deliberate choice and we believe it is what makes Studio 2 the most advanced professional editor on the market Builds for how professionals actually work with AI today and ready for how they will build going forward. Importantly, Studio 2 shares the same underlying document with Wix Harmony, so a DIY site can be opened by a partner in Studio 2 and taken further, creating a new lead source for our agency ecosystem and a new upgrade path for us. When I step back and look at the portfolio with Wix Harmony for self-creators, Base44 for software and applications, Symfony for business operations, and Studio 2 for professionals and agencies, I do not believe anyone in our space can match its breadth. Each product extends our reach in a different direction and each is seeing monetization today. Our focus from here is execution, getting these products to a mass and global distribution and converting that into durable growth and long-term value for shareholders. One last item before I hand it over to Nir. As of today, Nir Zohar is co-CEO of Wix. Most of you on this call know Nir. He has been with me since the very beginning, first running operations and then as president for well over a decade. And there is no decision of consequence in this company's history that the two of us did not make together. We have reached the point where we finish each other's sentences. And honestly, we have been there for a while. So what does this mean day to day? Nir takes the business side of the house, how we go to market, how we operate, how we scale. I take the product side, what we build, How AI Shapes It and the Technology Underneath. That is the arrangement that got us here, and now it is reflected in our titles. For me personally, it frees up more of my week for projects like BASE44, Symphony, and Studio 2, which, after everything I just walked you through, is exactly where I want to be. And I get to do that with complete confidence in who is running everything else. I could not be happier about this. Nir, over to you.