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 ...

Start Time: 08:30 January 1, 0000 9:27 AM ET Squarespace, Inc. (NYSE:SQSP) Q4 2023 Earnings Conference Call February 28, 2024, 08:30 AM ET Company Participants Anthony Casalena - Founder and CEO Nathan Gooden - CFO Clare Perry - Head, IR Conference Call Participants Matt Pfau - William Blair Andrew Boone - JMP Securities Siti Panagrahi - Mizuho Ygal Arounian - Citi Ken Wong - Oppenheimer Chris Zhang - UBS Naved Khan - B. Riley Securities Alexei Gogolev - JP Morgan Operator Good morning, my name is Tamiya an ...

Squarespace (SQSP) reported $270.72 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 18.3%. EPS of $0.04 for the same period compares to -$0.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $263.78 million, representing a surprise of +2.63%. The company delivered an EPS surprise of -75.00%, with the consensus EPS estimate being $0.16.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Revenue Increased 18% in the Fourth Quarter and 17% for the Full Year 2023, Topping $1 BillionSquarespace to Host Investor Day on May 15, 2024 NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced results for the fourth quarter and year ended December 31, 2023. "Squarespace surpassed $1 billion in revenue for the first time in its 20-year history in 2023, driven by new customer growth acros ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K ___________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-40393 SQUARESPACE ...

Exhibit 99.1 Squarespace Announces Fourth Quarter and Full Year 2023 Financial Results and $500 Million Share Repurchase Authorization Revenue Increased 18% in the Fourth Quarter and 17% for the Full Year 2023, Topping $1 Billion Squarespace to Host Investor Day on May 15, 2024 NEW YORK, February 28, 2024 — Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced results for the fourth quarter and year ended December 31, 2023. "Squa ...

Wall Street analysts expect Squarespace (SQSP) to post quarterly earnings of $0.17 per share in its upcoming report, which indicates a year-over-year increase of 342.9%. Revenues are expected to be $263.79 million, up 15.3% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company reveals it ...