Squarespace raises guidance after Q1 results
Picture of stock chart with the words "earnings report"

Website platform Squarespace (NYSE: SQSP) has raised its full-year revenue guidance after announcing Q1 results.

The company generated $207.8 million in revenue last year, up 16% year over year. That topped the company’s guidance of $203 million to $205 million.

It ended the quarter with 4.2 million subscriptions, up 10% compared to the same time last year. Unique subscriptions include a website package or standalone scheduling or social package. Average revenue per subscription also ticked up by 7% to $204 per year.

Squarespace nudged up its full-year revenue expectations. It had previously forecasted revenue of $862 million to $878 million; now, it expects $867 million to $879 million. It also upped its expectations for unlevered free cash flow.

The growth rate is below what the company experienced during the move-to-web boom during much of the pandemic.

Post link: Squarespace raises guidance after Q1 results

© DomainNameWire.com 2022. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

Original article: Squarespace raises guidance after Q1 results

©2022 Domain Observer. All Rights Reserved.

Leave a Reply

Your email address will not be published.