Wix.com (NASDAQ: WIX) reported Q1 EPS of ($0.05), $0.05 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $137.8 million versus the consensus estimate of $135.73 million.

"Our continued focus on product development and efficient marketing investment once again drove strong financial results," said Avishai Abrahami, Co-founder and CEO of Wix. "We are encouraged by the continued adoption of Wix Code, which allows our experts and professional users to build sophisticated web applications quickly and easily. Every day we see the potential of this product demonstrated with impressive results, and we are delighted by the creative ways that developers around the world have put Wix Code to use. This is a strong start to the year, and we are building momentum to propel continued growth through the remainder of 2018."

Lior Shemesh, CFO of Wix, added, "The first quarter results exceeded our expectations as conversion and retention outperformed expectations, contributing to the creation of our largest user cohort ever. Equally impressive, we generated over $21 million in free cash flow, a record for a single quarter, demonstrating positive returns from our investment in marketing and R&D. We are increasing our outlook for 2018 to reflect this momentum and our continued confidence in the growth of the business."

For earnings history and earnings-related data on Wix.com (WIX) click here.