tl;dr
Squarespace (NYSE: SQSP) reported Q4 GAAP EPS of $0.04, missing by $0.09, and revenue of $270.7M, beating by $7.55M. Presence revenue grew 20% year over year to $188.4 million and 18% in constant currency, while commerce revenue grew 14% year over year to $82.3 million and 13% in constant currency. ...
Squarespace (NYSE: SQSP) reported Q4 GAAP EPS of $0.04, missing by $0.09, and revenue of $270.7M, beating by $7.55M. Presence revenue grew 20% year over year to $188.4 million and 18% in constant currency, while commerce revenue grew 14% year over year to $82.3 million and 13% in constant currency. Total bookings grew 23% year over year to $286.1 million in the fourth quarter. For the first quarter of fiscal year 2024, Squarespace expects revenue of $274 million to $277 million, with a non-GAAP unlevered free cash flow of $83 million to $86 million. For the full fiscal year 2024, Squarespace expects revenue of $1,170 million to $1,190 million, with a non-GAAP unlevered free cash flow of $290 million to $310 million. These projections include contributions in the range of $85 million to $88 million related to the acquisition of Google Domains Assets.
More about Squarespace Inc
Squarespace Inc operates a platform for independent companies and creators to build an online presence, grow their brands, and manage their businesses over the Internet. The company is headquartered in New York, New York. With a market cap of $4.55 billion, the stock has shown a 1-year performance of -1.78% and a 5-year performance of 7.16%. The current price-to-earnings ratio is -0.254, with a volume of 970,430,000. The stock is currently trading at $36 with a beta of -0.94 and a dividend yield of 0.181. The market sentiment for Squarespace Inc is currently bearish.
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