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HubSpot, Inc. (symbol: HUBS) is the world’s leading inbound marketing and sales platform, dedicated to transforming the way businesses attract, engage, and delight their customers. Founded in 2006, HubSpot is committed to making the world more inbound, helping companies grow better through its innovative software, services, and support.
Headquartered in Cambridge, Massachusetts, with offices in Dublin, Ireland, and Sydney, Australia, HubSpot serves over 15,000 customers in more than 90 countries. The company's cloud-based platform, known as the Growth Platform, encompasses a suite of tools for marketing, sales, and customer service. These applications can be used individually (a la carte) or combined into a comprehensive package, allowing businesses to tailor the platform to their specific needs.
HubSpot's software stands out for its ease of use, scalability, and effectiveness. It has been recognized by prestigious publications such as Inc., Forbes, and Deloitte as one of the world’s fastest-growing companies. The company's commitment to transparency and autonomy in the workplace has redefined modern corporate culture, making it not only a leader in technology but also in employee satisfaction and engagement.
Since completing its initial public offering in 2014, HubSpot has continued to innovate and expand its offerings. Its mission remains steadfast: to help companies grow better by providing powerful tools for inbound marketing, sales, and customer service. Recent projects and achievements include enhancements to its platform, fostering strategic partnerships, and delivering exceptional customer support.
To learn more about HubSpot's software, visit www.hubspot.com. If you are interested in joining the HubSpot team, check out hubspot.com/jobs.
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.
HubSpot announced it will release its Q3 2020 financial results after U.S. markets close on November 5, 2020. Following the release, a conference call will be held at 4:30 p.m. ET to discuss the results and provide a business outlook. Investors can register for the call via HubSpot's Investor Relations website. The company's software services are utilized by over 86,000 customers in more than 120 countries, reflecting its significant market reach.
HubSpot announced the launch of a new pricing model called marketing contacts, allowing customers to pay only for contacts they actively market to via email or ads. Customers can now store up to one million non-marketing contacts for free, enhancing database organization and customer engagement. This move responds to customer demand for more flexible pricing, supporting business growth amidst economic challenges. HubSpot continues to update its offerings, including raised reporting limits and reduced pricing for its Starter Growth Suite, thereby aiming to enhance customer experience.
HubSpot announces a significant upgrade to its Sales Hub Enterprise, enhancing its sales CRM with features like custom objects, advanced reporting, and improved permissions. These updates aim to increase usability and empower sales teams to connect with prospects efficiently. Acknowledging that traditional CRMs often frustrate sales staff, HubSpot emphasizes the need for a solution that combines power and ease-of-use, enabling better customer engagement while ensuring transparency in pricing. The revamped platform offers a streamlined sales process, ensuring teams can effectively utilize the CRM without added complexities.
HubSpot introduced new features to enhance business resilience amid COVID-19, including an enterprise sales CRM, a scalable contacts pricing model, and advanced personalization tools. The updates aim to unify marketing, sales, and service efforts, promoting improved customer experiences. Key highlights from the INBOUND event include the Sales Hub Enterprise with custom objects, enhanced Marketing Hub functionality, and Service Hub upgrades like help desk automation. The new pricing model allows Marketing Hub customers to pay only for actively marketed contacts, offering scalability in uncertain economic times.
HubSpot (NYSE: HUBS) announced a webcast for its 2020 Analyst Day on September 22, 2020, starting at 10:00 am Eastern. The event will feature presentations from its leadership, including Co-Founders Brian Halligan and Dharmesh Shah, covering product updates and financial overviews. It will conclude with a Q&A session with executive leadership. HubSpot serves over 86,000 customers in 120+ countries, offering a growth platform that includes Marketing, Sales, Service Hubs, and a free CRM.
HubSpot (NYSE: HUBS) plans to present virtually at the Citi Technology Conference on September 10, 2020, at 10:45 a.m. ET. The presentation will feature Brian Halligan, CEO, and Charles MacGlashing, Corporate Treasurer. Interested parties can access the live webcast on ir.hubspot.com. Additionally, the company will hold one-on-one investor meetings on the same day. HubSpot, a growth platform founded in 2006, serves over 86,000 customers globally, offering solutions for marketing, sales, service, and CRM.
HubSpot reported its Q2 2020 financial results, with total revenue of $203.6 million, up 25% year-over-year. Subscription revenue reached $196.4 million, a 26% increase. However, professional services revenue declined by 3% to $7.2 million. The company posted a GAAP net loss of $29.4 million or ($0.67) per share, worsening from a loss of ($17.4 million) in Q2'19. HubSpot anticipates Q3 2020 revenue between $210 million and $211 million, factoring in uncertainties due to COVID-19.
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