Squarespace Inc
SQSP
ISIN US85225A1079 / Valor 111201456
Squarespace Inc
UMushroom community rating:
About company
Squarespace Inc. is a comprehensive platform that offers solutions for individuals and businesses to create and manage websites. Known for its user-friendly website builder, Squarespace provides a variety of customizable templates that cater to a wide range of professional needs and personal styles. The company enables users to create professional-looking websites, online stores, and portfolios without the need for advanced technical skills. In addition to web design, Squarespace offers tools for blogging, search engine optimization (SEO), analytics, and app integration, allowing users to enhance their online presence, analyze visitor behavior, and streamline their operations. Squarespace's offerings are designed to support a diverse clientele, including creatives, entrepreneurs, and businesses, in establishing and expanding their digital footprint.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Revenue Growth
Squarespace Inc. reported a 19% year-over-year increase in total revenue for the first quarter of 2024, reaching $281.1 million compared to $237.0 million in the same period of 2023. This growth was driven by strong performance in both presence and commerce revenue segments.
Net Income
For the first quarter of 2024, Squarespace Inc. achieved a net income of $0.1 million, a slight decrease from the $0.5 million reported in the first quarter of 2023. Basic and diluted earnings per share remained at $0.00 for both periods.
Cash Flow
Squarespace Inc. saw a significant increase in cash flow from operating activities, which rose by 33% to $85.2 million in Q1 2024, up from $64.2 million in Q1 2023. This increase was primarily attributed to sustained strength in bookings.
Bookings and Subscriptions
Total bookings for Squarespace Inc. grew by 23% year-over-year to $325.9 million in the first quarter of 2024, compared to $265.8 million in the first quarter of 2023. Additionally, total unique subscriptions increased by 15% year-over-year to over 4.9 million.
Outlook for Q2 2024
Squarespace Inc. has provided guidance for the second quarter of fiscal year 2024, expecting revenue to be in the range of $291 million to $294 million, representing year-over-year growth of 18% to 19%. The company also anticipates non-GAAP unlevered free cash flow to be between $61 million and $64 million.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4206 M
Market cap (USD)
277,255
Daily traded volume (Shares)
46.43 / 46.34
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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