Welcome to our dedicated page for Hubspot news (Ticker: HUBS), a resource for investors and traders seeking the latest updates and insights on Hubspot stock.
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.
HubSpot's report, The State of Partner Ops and Programs 2022, reveals insights from over 650 partner professionals. It highlights a shift from traditional sales interactions to digital engagement in B2B purchasing. Despite the growing importance of partnerships, many organizations struggle due to inadequate operations and technology. Key findings include: 93% of enterprises have partner programs, 65% see partnerships as vital for growth, and 50% credit partners for 26% or more of their revenue. The survey was conducted from August 24 to September 23, 2022.
HubSpot (NYSE: HUBS) reported Q3 2022 revenue of $444 million, reflecting a 31% year-over-year increase. Subscription revenue rose by 32% to $435 million, with professional services down 13% to $8.9 million. The GAAP operating margin declined to -7.3%, with a GAAP operating loss of $32.2 million compared to -$14.9 million in Q3 2021. Non-GAAP net income increased to $35.1 million, or $0.73 per share. The company ended Q3 with $1.4 billion in cash and added 24% more customers, totaling 158,905. HubSpot anticipates total revenue between $1.705 billion and $1.707 billion for 2022.
HubSpot announced it will report its third quarter 2022 financial results on November 2, 2022, after U.S. market close. A conference call will follow at 4:30 p.m. ET to discuss the results and future outlook. Investors can pre-register for the live call and access a webcast. HubSpot, a leading CRM platform, serves over 150,000 customers globally, providing tools for marketing, sales, service, and operations.
HubSpot has been recognized by Gartner as a Leader in the Magic Quadrant for B2B Marketing Automation Platforms for the second consecutive year, showcasing its Marketing Hub's Completeness of Vision and Ability to Execute. The platform integrates numerous features such as enhanced marketing campaigns, customer journey analytics, and WhatsApp integration, allowing marketers to optimize conversions and improve customer engagement effectively. With over 150,000 customers worldwide, HubSpot continues to empower companies to grow better through its comprehensive CRM solutions.
HubSpot has announced new features aimed at enhancing customer connections during its annual INBOUND event. These updates include customer journey analytics, flexible payments, and improved data management. The release addresses challenges faced by businesses in creating meaningful relationships with customers, especially as B2B buyers engage less with suppliers. HubSpot's CEO emphasized the importance of focusing on customer connection over management. The company also launched connect.com, a community for growth professionals.
HubSpot has partnered with NTWRK for an exclusive fashion drop on September 9, 2022, during the INBOUND 2022 event. Curated by Antoine Gregory of Black Fashion Fair, this collaboration aims to support emerging Black fashion designers. The collection features innovative designs from Antoine Manning and Nicole Zizi, with all proceeds going to the Brooklyn Sewing Academy. HubSpot’s Global Head of Brand Marketing highlighted the importance of purpose-driven businesses. The partnership continues HubSpot’s efforts to foster community growth and accessibility in the fashion industry.
HubSpot (NYSE: HUBS) will host its Analyst Day on September 7, 2022, during INBOUND '22 in Boston. The event will run from 9:45 a.m. to 2:00 p.m. Eastern Time. A live webcast and on-demand replay will be available at analystday.hubspot.com, alongside presentations at ir.hubspot.com. HubSpot, serving over 150,000 customers globally, offers a CRM platform designed to assist companies in scaling through various software and services.
HubSpot (NYSE: HUBS) announced its participation in the Goldman Sachs Technology Conference on September 12, 2022, at 1:00 p.m. ET. CEO Yamini Rangan and VP of Investor Relations Chuck MacGlashing will present at the event in San Francisco. The live webcast will be available on the company's investor relations website. Additionally, HubSpot will conduct one-on-one investor meetings on the same day, providing an opportunity for direct engagement with stakeholders.
HubSpot reported strong Q2 2022 financial results, with total revenue reaching $421.8 million, a 36% increase year-over-year. Subscription revenue climbed 37% to $412.4 million. However, professional services revenue decreased 10%. The GAAP operating loss widened to $52.3 million from $16.6 million in Q2 2021. The company’s cash balance stood at $1.4 billion as of June 30, 2022. HubSpot now projects Q3 revenue between $425 million and $426 million and full-year revenue between $1.690 billion and $1.695 billion.
HubSpot, a CRM platform, will report its second quarter 2022 financial results after U.S. markets close on August 4, 2022. A conference call to discuss these results and the business outlook is scheduled for the same day at 4:30 p.m. ET. HubSpot, serving over 143,000 customers in more than 120 countries, provides a range of tools for marketing, sales, and customer service to help companies grow.
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