Hubspot Inc Stock Price, News & Analysis

Similarweb (NYSE: SMWB), a leading digital market intelligence company, has appointed Kipp Bodnar to its Board of Directors, effective September 5, 2024. Bodnar, currently the Chief Marketing Officer at HubSpot (NYSE: HUBS), brings extensive experience in scaling SaaS businesses and driving growth.

Bodnar's expertise aligns with Similarweb's mission to provide unparalleled digital insights. His role at HubSpot, where he sets global marketing strategy and has contributed to exponential growth, is expected to be valuable as Similarweb expands its market leadership and enhances customer value.

This appointment comes as Similarweb continues to expand its offerings, global reach, and accelerate revenue growth and profitability. Bodnar's experience in building successful marketing strategies is anticipated to strengthen Similarweb's strategic direction.

HubSpot (NYSE: HUBS) reported strong Q2 2024 results with total revenue of $637.2 million, up 20% year-over-year. Subscription revenue grew 20% to $623.8 million. The company's non-GAAP operating income increased to $109.3 million, with a margin of 17.2%. Non-GAAP net income reached $103.5 million, or $1.94 per diluted share.

HubSpot's customer base grew 23% to 228,054, although average subscription revenue per customer slightly decreased by 2% to $11,215. The company generated $92.1 million in non-GAAP free cash flow. For Q3 2024, HubSpot expects revenue between $646.0-$647.0 million and non-GAAP operating income of $107.0-$108.0 million. Full-year 2024 guidance projects revenue of $2.567-$2.573 billion and non-GAAP operating income of $437.0-$441.0 million.

HubSpot HUBS, the customer platform for scaling businesses, has announced it will report its second quarter 2024 financial results on Wednesday, August 7, 2024, after the U.S. financial markets close. The company will host a conference call at 4:30 p.m. Eastern Time (ET) on the same day to discuss the financial results, business operations, and outlook.

Investors and analysts can participate in the live call through a pre-registration dial-in link or access the webcast through HubSpot's Investor Relations website. For those unable to attend the live event, a replay will be available with domestic and international dial-in numbers provided. An archived webcast of the conference call will also be accessible on HubSpot's Investor Relations website at ir.hubspot.com.

HubSpot has announced the star-studded lineup for INBOUND 2024, featuring Serena Williams, Ryan Reynolds, and Kara Swisher as headliners. The event will take place from September 18-20 in Boston, bringing together leaders from startups and Fortune 500 companies.

Notable speakers include Josh D’Amaro from Disney and Michelle Peluso from CVS Health. HubSpot will also host the 'Million Dollar Pitch' competition and expand AI-focused sessions.

Additional highlights include a full Partner Day for app and solutions partners, as well as diverse community spaces for professional engagement.

The event promises valuable insights for business leaders, entrepreneurs, marketers, and developers.

HubSpot, Inc. (NYSE: HUBS) reported solid financial results for Q1 2024, with total revenue reaching $617.4 million, up 23% YoY. The company saw a GAAP net income of $5.9 million, compared to a loss in Q1'23. Operating margins improved, and the customer base grew by 22%.

HubSpot's CEO highlighted the company's innovation pace and position as a standard in the industry. The business outlook for Q2 2024 and full year 2024 looks positive, with revenue and operating income expected to increase.