HUBSPOT, INC. - HUBS STOCK NEWS

HubSpot reported strong financial results for Q4 and full year 2020. Total revenue reached $252.1 million in Q4, up 35% year-over-year, with subscription revenue at $244.3 million, a 36% increase. For the full year, revenues totaled $883.0 million, an increase of 31%. Despite a GAAP net loss of ($15.4 million) in Q4, non-GAAP net income was $20.1 million. The company now boasts 103,994 customers, marking a 42% growth from the previous year. Outlook for Q1 2021 forecasts revenues of $260-$265 million.

HubSpot has announced its acquisition of The Hustle, a media company known for its newsletter and podcast content. This strategic move aims to enhance HubSpot's offerings to scaling companies by delivering educational and trend-based content in various formats. With The Hustle's established audience of over 1.5 million readers, HubSpot plans to leverage this to better serve customer needs. HubSpot's existing community already engages with its educational resources extensively, and this acquisition is expected to strengthen its position as a key content provider for entrepreneurs and startups.

HubSpot, a leading CRM platform, will release its fourth quarter and full year 2020 financial results after markets close on February 11, 2021. A conference call is scheduled on the same day at 4:30 p.m. ET to discuss these results and the company's business outlook. Interested participants can register for the call via the provided links, and a replay will be available afterward. HubSpot serves over 95,000 customers in more than 120 countries, offering marketing, sales, and service software.

HubSpot has appointed Nick Caldwell to its board of directors, succeeding Michael Simon, who retires after almost a decade of service. Caldwell, known for his experience in product development and engineering at companies like Microsoft and Twitter, will bring valuable insights to enhance HubSpot's CRM platform. Simon has been instrumental during significant milestones, including HubSpot's IPO in 2014. Caldwell expressed eagerness to support HubSpot in expanding its product offerings, while Simon expressed confidence in the board's future leadership.

HubSpot has announced a commitment of $20 million to social impact investing, with $12.5 million allocated to the Black Economic Development Fund managed by the Local Initiatives Support Corporation (LISC). This initiative aims to support Black-led financial institutions and foster economic empowerment. The Fund has closed at $175 million and will begin making investments in early 2021. HubSpot joins other major companies in this effort, emphasizing its commitment to dismantling systemic racism and closing the racial wealth gap.

HubSpot released its 2020 Remote Work Report, surveying thousands of remote workers across the U.S., UK, Ireland, Australia, and Germany. Key findings reveal that 55% feel pressured to prove they're working online, while 43% struggle to participate in remote meetings. Despite challenges, 48% report a stronger sense of belonging in remote teams. HubSpot emphasizes the importance of adapting to remote work dynamics and aims to create a hybrid work environment. The company serves over 95,000 customers globally, offering CRM tools for business growth.

Howard University School of Business has launched its first Center for Digital Business, supported by a donation from HubSpot. This initiative aims to enhance digital education and job readiness for students over the next five years. The Center will provide academic offerings, experiential learning opportunities, and mentorship programs. Courses will begin in Spring 2021, focusing on digital strategies and social media audits. HubSpot's support emphasizes its commitment to developing the next generation of Black business leaders, expanding their long-standing partnership with Howard University.

HubSpot (NYSE: HUBS) is set to present at the RBC Technology Conference on November 17, 2020, at 1:20 p.m. ET. The presentation will feature CEO Brian Halligan and CFO Kate Bueker, who will discuss the company's innovative customer relationship management (CRM) platform. Interested parties can access the live webcast on HubSpot's investor relations website. Additionally, the company will conduct virtual 1-on-1 investor meetings that day, showcasing its commitment to investor engagement.

HubSpot (HUBS) reported Q3 2020 financial results, showcasing a total revenue of $228.4 million, a 32% increase year-over-year. Subscription revenue also rose to $221.1 million, but professional services revenue fell by 12%.

The company reported a GAAP operating loss of $15.5 million, while non-GAAP operating income reached $16.5 million. Net loss was $22.5 million, or $0.49 per share. Cash flow improved, with $38.7 million of operating cash flow generated. HubSpot expects Q4 2020 revenue of $235.0-237.0 million.