Now, as we mentioned in the prepared remarks, what surprised us is that we saw a higher percent of customers adopt seats in month one, compared to what we saw in the Pilot. So, we expected the ASP to go down, volume to go up and offset each other immediately. But, because more customers are adopting the model, weâre seeing a sharper decline in ASPs, and itâs going to take a couple of months for the volume of customer additions to catch up and offset that ASP decline. So, there is a short-term trade-off, but ...

For the quarter ended March 2024, HubSpot (HUBS) reported revenue of $617.41 million, up 23.1% over the same period last year. EPS came in at $1.68, compared to $1.20 in the year-ago quarter.The reported revenue represents a surprise of +3.40% over the Zacks Consensus Estimate of $597.12 million. With the consensus EPS estimate being $1.49, the EPS surprise was +12.75%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

HubSpot (HUBS) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.75%. A quarter ago, it was expected that this cloud-based marketing and sales software platform would post earnings of $1.54 per share when it actually produced earnings of $1.76, delivering a surprise of 14.29%.Over th ...

Exhibit 99.1 HubSpot Reports Q1 2024 Results CAMBRIDGE, MA (May 8, 2024) — HubSpot, Inc. (NYSE: HUBS), the customer platform for scaling companies, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights: Revenue ● Total revenue was $617.4 million, up 23% compared to Q1'23. o Subscription revenue was $603.8 million, up 23% compared to Q1'23. o Professional services and other revenue was $13.6 million, up 15% compared to Q1'23. Operating Income (Loss) ● GAAP operati ...

HubSpot (HUBS) closed the latest trading day at $651.74, indicating a -0.01% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.Shares of the cloud-based marketing and sales software platform witnessed a gain of 3.12% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5.13% and the S&P 500's loss of 3.01%.The investment communi ...

The latest trading session saw HubSpot (HUBS) ending at $633.85, denoting a -0.59% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, added 0.12%.Prior to today's trading, shares of the cloud-based marketing and sales software platform had gained 6.3% over the past month. This has outpaced the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9% in that time.Th ...

This growth stock already has a strong presence in a niche portion of the CRM software market, but investments in generative artificial intelligence could further solidify its leadership.Bloomberg Intelligence estimates that generative artificial intelligence (AI) software sales will increase from $5 billion in 2023 to $318 billion by 2032, compounding at roughly 59% annually. Put differently, the generative AI software market could soar 6,260% over that time.Investors hoping to benefit from that colossal o ...

HubSpot (HUBS) closed the latest trading day at $670, indicating a +1.85% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 1.11% for the day. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.24%.Coming into today, shares of the cloud-based marketing and sales software platform had gained 7.32% in the past month. In that same time, the Computer and Technology sector gained 0.85%, while the S&P 500 gained ...

HubSpot (HUBS) shares rallied 5% in the last trading session to close at $657.85. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.6% gain over the past four weeks.The appreciation of the stock can be primarily attributable to market speculations of a likely acquisition bid by Alphabet Inc., the parent company of Google. From Alphabet's perspective, acquiring HubSpot would not only bolster its presence in th ...

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