tl;dr
Squarespace (NYSE: SQSP) reported strong financial results for Q1: - Q1 GAAP EPS of $0.00 beat by $0.07. - Revenue of $281.1M ( 18.6% Y/Y) beat by $4.77M. - Total revenue grew 19% year over year to $281.1 million. - Presence revenue grew 22% year over year to $200.9 million. - Commerce revenue grew ...
Squarespace (NYSE: SQSP) reported strong financial results for Q1: - Q1 GAAP EPS of $0.00 beat by $0.07. - Revenue of $281.1M ( 18.6% Y/Y) beat by $4.77M. - Total revenue grew 19% year over year to $281.1 million. - Presence revenue grew 22% year over year to $200.9 million. - Commerce revenue grew 11% year over year to $80.3 million. - Total bookings grew 23% year over year to $325.9 million. - Total unique subscriptions increased 15% year over year to over 4.9 million. - Average revenue per unique subscription ("ARPUS") increased 7% year over year to $226.63. - Annual run rate revenue ("ARRR") grew 19% year over year to $1,117.7 million. For the second quarter of fiscal year 2024, Squarespace expects: - Revenue of $291 million to $294 million vs $276.33M consensus, with year-over-year growth of 18% to 19%. - Non-GAAP unlevered free cash flow of $61 million to $64 million. For the full fiscal year 2024, Squarespace expects: - Revenue of $1,193 million to $1,208 million vs $1.18B consensus, with year-over-year growth of 18% to 19%. - Non-GAAP unlevered free cash flow of $298 million to $318 million.
More about Squarespace Inc
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.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 4911391000
Dividend Yield: None
EPS: -0.05
P/E Ratio: 7.47
ROI: -0.007
Volume: 1012336000
Current Price: 39.54
Change: -0.94
Change (%): 0.183
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