The most recent trading session ended with Squarespace (SQSP) standing at $31.20, reflecting a +0.65% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 1.25%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 1.3%.The the stock of a software company has fallen by 0.9% in the past month, lagging the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58%.The upcoming earnings release of Squarespace will be of ...

Squarespace (SQSP) closed at $31.68 in the latest trading session, marking a +1.28% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.23%. Meanwhile, the Dow experienced a rise of 1.06%, and the technology-dominated Nasdaq saw an increase of 1.7%.Shares of the a software company witnessed a gain of 2.26% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.98% and the S&P 500's gain of 0.94%.Analysts and inves ...

In the latest trading session, Squarespace (SQSP) closed at $31.54, marking a +1.74% move from the previous day. This move outpaced the S&P 500's daily gain of 0.57%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq appreciated by 0.75%.Coming into today, shares of the a software company had gained 12.32% in the past month. In that same time, the Computer and Technology sector gained 1.51%, while the S&P 500 gained 3.4%.Analysts and investors alike will be keeping a close eye on the p ...

except where required by law. Please also note that all comparisons are on a year-over-year basis, unless specifically noted otherwise. I will now turn the call over to Anthony. Thank you, Anthony. Good morning, everyone, and thank you for joining us today. Our solid Q3 2023 results were driven by the strength of our core business. We grew revenue and unlevered free cash flow this quarter. both metrics surpassing the high end of our guidance. These strong results allow us to raise our outlook today to over ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ 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 September 30, 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 SQUAR ...

2023 Q2 Earnings Review Commentary * Full-year guidance is subject to risks and uncertainties discussed above and specifically excludes changes in the number of shares outstanding, impacts from future acquisitions, dispositions and related transaction costs, restructuring costs, incremental impacts of tariffs and trade tensions on market demand and costs subsequent to the end of the second quarter, and the impact of foreign exchange rate changes subsequent to the end of the second quarter. ** Non-GAAP finan ...

Nathan Gooden - Chief Financial Officer Ygal Arounian - Citigroup Anthony Casalena - Founder and CEO Conference Call Participants Matt Pfau - William Blair except where required by law. Please also note that all comparisons are on a year-over-year basis unless specifically noted otherwise. Â I will now turn the call over to Anthony. Anthony Casalena Hello, everyone. IÂ'm pleased to announce another solid quarter of strong financial performance for Squarespace. Revenue grew more than 16% and we achieved a 22 ...

Revenue Performance - Total revenue for Q2 2023 was $247.5 million, a 16.4% increase from $212.7 million in Q2 2022[153]. - Total revenue for the three months ended June 30, 2023, was $247.5 million, an increase of $34.8 million or 16.4% compared to $212.7 million in the same period of 2022[178]. - Total revenue for the six months ended June 30, 2023, was $484.6 million, an increase of $64.1 million or 15.2% compared to $420.5 million in 2022[194]. - Total bookings increased by $36.2 million, or 16.5%, for the three months ended June 30, 2023, and by $73.5 million, or 16.4%, for the six months ended June 30, 2023, primarily due to an increase in unique subscriptions and price hikes[239]. Subscription Metrics - Subscription revenue accounted for 92.1% of total revenue for Q2 2023, up from 91.6% in Q2 2022[152]. - The number of unique subscriptions increased by 2.9% year-over-year to 4.3 million as of June 30, 2023[154]. - Unique subscriptions increased by 0.1 million, or 2.9%, as of June 30, 2023, compared to the same period in 2022, driven by retention and acquisition of new subscriptions[237]. - Annual run rate revenue (ARRR) increased by $143.1 million, or 17.1%, as of June 30, 2023, compared to the same period in 2022, attributed to retention and acquisition of subscriptions[241]. - Average revenue per unique subscription (ARPUS) rose by $15.25, or 7.5%, as of June 30, 2023, due to a shift towards higher value plans and price increases[243]. Profitability - Net income for Q2 2023 was $3.7 million, compared to a net income of $64.5 million in Q2 2022[153]. - The company reported a net income margin of 1.4% for the three months ended June 30, 2023, down from 30.3% in the same period last year[192]. - Operating income for Q2 2023 was $36.7 million, compared to $8.9 million in Q2 2022[174]. - Adjusted EBITDA for the six months ended June 30, 2023 was $104.2 million, compared to $40.7 million for the same period in 2022, reflecting a significant increase[235]. - Adjusted EBITDA increased by $29.8 million, or 68.2%, for the three months ended June 30, 2023, compared to the same period in 2022, primarily due to increased revenue[245]. Expenses - Total operating expenses for Q2 2023 were $167.7 million, slightly up from $166.8 million in Q2 2022[174]. - Research and product development expenses were $61.4 million for Q2 2023, a 4.4% increase from $58.8 million in Q2 2022[157]. - Marketing and sales expenses decreased by $4.6 million, or 2.5%, to $177.0 million, accounting for 36.5% of total revenue[202]. - General and administrative expenses decreased by $11.9 million, or 15.9%, to $63.2 million, representing 13.1% of total revenue[203]. - Interest expense increased significantly by $5.3 million, or 160.2%, due to higher interest rates impacting total debt[189]. Cash Flow and Financing - The company had cash and cash equivalents of $274.0 million as of June 30, 2023, with an additional $17.7 million available under its Revolving Credit Facility[215]. - During the six months ended June 30, 2023, net cash provided by operating activities was $116.7 million, up from $83.7 million in the same period of 2022[217]. - Net cash used in financing activities for the six months ended June 30, 2023 was $65.9 million, up from $55.2 million in the same period in 2022[224][225]. - Net cash provided by investing activities for the six months ended June 30, 2023 was $24.7 million, compared to a net cash used of $6.8 million in the same period in 2022[222][223]. Market Presence - International customers represented approximately 30% of total bookings as of June 30, 2023[158]. - Gross Merchandise Value (GMV) processed on the platform increased by $8.2 million, or 0.5%, for the three months ended June 30, 2023, compared to the same period in 2022[248]. - GMV processed on the platform decreased by $32.3 million, or 1.0%, for the six months ended June 30, 2023, primarily due to the scheduling product[248]. Taxation - The provision for income taxes increased significantly, resulting in an effective tax rate of (87.8)% for the three months ended June 30, 2023, compared to 444.5% in 2022[191]. - The company expects to pay significantly higher cash tax payments during 2023 due to changes in tax regulations affecting research and development costs[215]. - The company expects to receive federal tax refunds totaling approximately $8.7 million during 2023, which includes $4.0 million related to a research and development tax credit[215].

Squarespace, Inc. (NYSE:SQSP) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Clare Perry - Head of Investor Relations Anthony Casalena - Founder and Chief Executive Officer Conference Call Participants Siti Panigrahi - Mizuho Ken Wong - Oppenheimer & Company Company Participants Nathan Gooden - Chief Financial Officer Ygal Arounian - Citigroup Trevor Young - Barclays Matt Pfau - William Blair Good morning, my name is Emily, and I'll be your conference operator today. At this time, I would like to w ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ 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, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from ____________ to ____________ Commission File Number: 001-40393 SQUARESPA ...