The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing.Squarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market.Permira agreed to pay $44 per share in cash, a roughly 30% premium to Squarespace's unaffected share price. In recent years, Squarespace struggled to capture public-market support: It ...

Squarespace, a platform used by SMEs and individuals for building websites, blogs, and online stores, is going private in an all-cash deal that values the company on equity basis at $6.6 billion, or a $6.9 billion enterprise valuation. The acquiring company is U.K.-based private equity firm Permira.This is a breaking story, refresh for updates. ...

Stockholders will receive $44.00 per share in cash, which represents a premium of 29% over the 90-day volume weighted average trading price of $34.09 Anthony Casalena is rolling over a substantial majority of his existing equity and will continue to lead Squarespace as Chief Executive Officer Long-term Investors General Atlantic and Accel to re-invest as part of the go-private agreement NEW YORK, May 13, 2024 /PRNewswire/ -- Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs b ...

Great. Thanks for taking my question. It's just one for you, Anthony. You guys brought up design intelligence. How do you envision customers will engage with that interface? Is this an opt-in? Will this be default upon interacting with Squarespace? How does that potentially roll out over time? Anthony Casalena Sure. So, as mentioned in the letter, people can go and take a look on our front site. It's actually linked from the header, squarespace.com/design-intelligence. It's just a real roundup of how we see ...

Squarespace (SQSP) reported $281.15 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 18.6%. EPS of $0.00 for the same period compares to $0.00 a year ago.The reported revenue represents a surprise of +1.80% over the Zacks Consensus Estimate of $276.19 million. With the consensus EPS estimate being -$0.09, the EPS surprise was +100.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) FORM 10-Q _________________________________ [Mark One] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

Squarespace (SQSP) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this a software company would post earnings of $0.16 per share when it actually produced earnings of $0.04, delivering a surprise of -75%.Over the last four quarters, the company ...

Financial Performance - Total revenue grew 19% year over year to $281.1 million in Q1 2024, compared to $237.0 million in Q1 2023[4] - Total bookings increased 23% year over year to $325.9 million in Q1 2024, up from $265.8 million in Q1 2023[4] - Unlevered free cash flow rose 33% to $89.3 million, representing 32% of total revenue for Q1 2024[4] - Cash flow from operating activities increased 33% to $85.2 million for Q1 2024, compared to $64.2 million in Q1 2023[4] - Revenue for the three months ended March 31, 2024, was $281,148,000, representing an 18.6% year-over-year growth compared to $237,028,000 in 2023[34] - Gross profit for the same period was $200,374,000, with total operating expenses amounting to $215,202,000, resulting in an operating loss of $14,828,000[34] - Net income for Q1 2024 was $144,000, down from $502,000 in Q1 2023, with net income per share remaining at $0.00[34] - Adjusted EBITDA for Q1 2024 was $32,011,000, slightly up from $30,863,000 in Q1 2023[32] - Free cash flow for the three months ended March 31, 2024, was $81,834,000, compared to $61,080,000 in the same period last year[32] - The presence revenue for Q1 2024 was $200,884,000, reflecting a 22.2% year-over-year growth from $164,391,000 in Q1 2023[34] Subscriptions and Revenue Metrics - Unique subscriptions increased 15% year over year to over 4.9 million in Q1 2024, compared to 4.3 million in Q1 2023[4] - Average revenue per unique subscription (ARPUS) increased 7% year over year to $226.63 in Q1 2024, compared to $212.76 in Q1 2023[4] - Unique subscriptions increased to 4,912 thousand in Q1 2024, up from 4,264 thousand in Q1 2023, representing a growth of 15%[39] - Total bookings reached $325,946 thousand in Q1 2024, compared to $265,789 thousand in Q1 2023, reflecting a year-over-year increase of 22.6%[39] - Annual run rate revenue (ARRR) grew 19% year over year to $1,117.7 million in 2024, compared to $941.9 million in 2023[5] - Annual run rate revenue (ARRR) for Q1 2024 was $1,117,659 thousand, up from $941,860 thousand in Q1 2023, indicating a growth of 18.7%[39][40] - Average revenue per unique subscription (ARPUS) rose to $226.63 in Q1 2024, compared to $212.76 in Q1 2023, marking an increase of 6.5%[39] Cash and Debt Management - Total current assets increased to $433,678,000 as of March 31, 2024, compared to $374,215,000 at the end of 2023[28] - Total liabilities rose to $1,231,742,000 as of March 31, 2024, up from $1,182,111,000 at the end of 2023[28] - Cash and cash equivalents at the end of the period were $241,905,000, compared to $257,702,000 at the end of 2023[28] - The company reported a total debt outstanding of $556,891,000 as of March 31, 2024, down from $568,793,000 at the end of 2023[32] Business Outlook and Strategy - The company raised its FY24 revenue guidance to 19% growth based on strong business performance[2] - The primary growth driver was the organic business, with strong demand for the ecosystem globally[2] - The company plans to leverage the migration of new Google Domains customers to broaden its customer funnel[2] Growth Indicators - Gross payment volume (GPV) for Q1 2024 was $1,649,457 thousand, up from $1,534,058 thousand in Q1 2023, reflecting a growth of 7.5%[39][41] - Unlevered free cash flow improved to $89,322 thousand in Q1 2024, compared to $67,096 thousand in Q1 2023, representing a significant increase of 33.1%[39]

Revenue Increased 19% in the First Quarter; FY24 Revenue Guidance Raised to 19% NEW YORK, May 7, 2024 /PRNewswire/ -- Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced results for the first quarter ended March 31, 2024. "We had a strong start to 2024, with Q1 revenue growing 19% and bookings growing 23%" said Anthony Casalena, Founder & CEO of Squarespace. "We see tremendous opportunity to drive long-term growth and profitabi ...

Squarespace (SQSP) closed at $34.25 in the latest trading session, marking a -0.84% move from the prior day. This change lagged the S&P 500's 0.89% gain on the day. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.Heading into today, shares of the a software company had gained 10.53% over the past month, outpacing the Computer and Technology sector's gain of 3.77% and the S&P 500's gain of 3.56% in that time.Market participants will be closely following the financial results of ...