Welcome to our dedicated page for Squarespace news (Ticker: SQSP), a resource for investors and traders seeking the latest updates and insights on Squarespace stock.
Squarespace, Inc. (NYSE: SQSP) is a leading provider of subscription-based website building and hosting services, primarily catering to entrepreneurs and small businesses. Since its inception, the company has empowered millions of users in over 200 countries and territories with comprehensive tools necessary to create an online presence, build an audience, monetize content, and scale their businesses.
Squarespace's core products include websites, domains, e-commerce solutions, and marketing tools. Additionally, it offers specialized functionalities such as scheduling through Acuity, social media management via Bio Sites and Unfold, and hospitality business management through Tock. The company has significantly expanded its capabilities following the acquisition of Tock in 2021, which allowed Squarespace to serve hospitality customers by providing reservation, take-out, and event management software.
In 2023, Squarespace achieved a milestone by surpassing $1 billion in revenue for the first time in its 20-year history. This growth was driven by strong customer retention and new customer acquisition across diverse markets. Key developments during the year included the acquisition of Google Domains, the launch of Squarespace Payments, and the introduction of new AI capabilities aimed at enhancing the user experience and expanding accessibility for entrepreneurs at various stages of their journey.
Financially, Squarespace demonstrated robust performance with consistent execution and innovation. The company has been actively repurchasing its Class A common stock, with a $500 million authorization underscoring its financial momentum and commitment to delivering shareholder value. In line with its growth strategy, Squarespace continues to focus on increasing profitability and leveraging its ecosystem to further attract and retain users.
Looking ahead, Squarespace has announced its intention to go private through an all-cash transaction valued at approximately $6.9 billion, led by global private equity firm Permira. This move aims to provide more flexibility and resources to invest in the company's long-term growth and further support its mission of helping entrepreneurs build better online brands and transact more efficiently with their customers. Upon completion, Squarespace's common stock will no longer be publicly listed, marking a significant transition in the company's journey.
Squarespace, Inc. (NYSE: SQSP) is set to announce its first-quarter financial results for the period ending March 31, 2023, on May 9, 2023, before the market opens. A conference call and live webcast are scheduled for 8:30 a.m. ET on the same day to discuss these results. Interested parties can register through the company's Investor Relations website. Squarespace provides an all-in-one platform designed for individuals and businesses in over 200 countries, focusing on ecommerce and website building, offering a variety of tools for managing websites, domains, marketing, and more.
Squarespace released its 2022 Environmental, Social and Governance (ESG) report on March 22, 2023. The report outlines the company's commitment to employee engagement, environmental sustainability, and data privacy. Founder & CEO Anthony Casalena emphasized that the ESG strategy aligns with their mission and will enhance overall performance. The report follows the Sustainability Accounting Standards Board (SASB) standards tailored for the Internet & Media Services industry. Available for stakeholders, the report showcases Squarespace's commitment to responsible practices across its operations.
Squarespace (NYSE: SQSP) reported strong financial results for Q4 2022, with total revenue increasing by 10% year-over-year to $228.8 million. The company's commerce revenue also rose by 12% to $72.0 million. However, a non-cash goodwill impairment charge led to a net loss of $234.0 million, compared to a loss of $16.3 million in Q4 2021. Total bookings grew by 15% to $232.1 million, while cash flow from operating activities surged by 161% to $39.1 million. For FY 2022, revenue was $867.0 million, up 11%, but the net loss increased to $252.2 million. The company anticipates Q1 2023 revenue of $232-$234 million and FY 2023 revenue of $955-$970 million.
Squarespace (NYSE: SQSP) has launched its ninth Super Bowl campaign, titled 'The Singularity', featuring Adam Driver. Directed by Aoife McArdle, the commercial humorously reflects on Squarespace's journey from a website creation pioneer to a comprehensive platform for entrepreneurs. As the company celebrates its 20th anniversary, this campaign showcases its evolution and introduces the Fluid Engine, a new customizable web design system. The ad will air on
Squarespace, Inc. (NYSE: SQSP) will release its financial results for the fourth quarter and fiscal year ended December 31, 2022, on March 7, 2023, before market open. A conference call and live webcast will be held at 8:30 a.m. ET on the same day to discuss these results. Investors can register for the call through the Events & Presentations section of the company’s Investor Relations website. An archived replay will be available post-call. Squarespace offers tools for managing websites, ecommerce, and social media for customers worldwide.
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