Wix pays $38m earnout payments for Base44
The payment was announced in the Israeli company’s disappointing first quarter results, which saw the share price slump over 30%.
Assessment
Wix's $38 million earnout for Base44 comes alongside a disappointing Q1 that triggered a 30% share price drop. The timing raises questions about whether the acquisition is delivering expected value or straining near-term finances. Investors will watch for signs of integration success or further write downs.