Squarespace reports earnings, expects $1B annual revenue for first time

Company reports robust growth, with more ahead thanks to Google Domains acquisition.

Website building platform Squarespace (NYSE: SQSP) announced its Q3 earnings before the market opened this morning.

Total revenue grew 18% year over year to $257.1 million. Bookings grew at the same 18% clip to $267.0 million in the quarter.

Q3 includes about three weeks of contribution from Google Domains, which the company acquired on September 7.

The total number of unique subscriptions increased 5% year over year, totaling 4.4 million, not including Google Domains. And those subscribers are paying more, too, with revenue per unique subscriber up 10% year over year to $226.05 (also not including Google Domains customers).

Squarespace expects its Q4 revenue growth to range from 14% to 16% and full-year revenue to range from $1.002 billion to $1.006 billion. That would be the first time the company’s annual revenue topped the billion mark.

Shares in the company are down slightly in trading this morning.

Post link: Squarespace reports earnings, expects $1B annual revenue for first time

© DomainNameWire.com 2023. 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 Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission.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.