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 (NYSE: SQSP) reported strong Q1 2022 results with record revenue of $207.8 million, a 16% increase year-over-year. Commerce revenue rose 36%, with unique subscriptions reaching 4.2 million (up 10%). Despite the growth, the company faced a net loss of $92.9 million. The board authorized a $200 million share repurchase program and has raised guidance for full-year revenue to between $867 million and $879 million. For Q2, expected revenue is $208 to $213 million, indicating 6% to 9% year-over-year growth.
Squarespace, Inc. (NYSE: SQSP) will release its financial results for the first quarter ended March 31, 2022, before market open on May 12, 2022. The company will hold a conference call and webcast at 8:30 a.m. ET the same day to discuss these results. Squarespace is known for providing an all-in-one platform that supports customers in over 200 countries, offering tools for selling products and services online. The company’s headquarters are in New York City, with additional offices in Dublin, Portland, and Chicago.
The New York Knicks and Squarespace announced the winners of the fifth annual 'Make It Awards,' providing four entrepreneurs with
Squarespace, Inc. (SQSP) reported strong Q4 and fiscal year 2021 results, achieving total revenue of $207.4 million, a 20% increase year-over-year, and fiscal year revenue of $784.0 million, up 26% from the previous year. The company processed nearly $5.8 billion in GMV, with a significant rise in commerce revenue by 60% to $229.5 million. However, a net loss of $249.1 million raised concerns. For Q1 2022, Squarespace expects revenue between $203 million and $205 million, indicating a 13%-14% growth. Full-year guidance projects revenue of $862 million to $878 million, with growth forecasts of 10%-12%.
Squarespace (NYSE: SQSP) launched its eighth Super Bowl campaign, featuring Zendaya and André '3000' Benjamin. The ad showcases Zendaya as Sally, an entrepreneur expanding her seashell business with Squarespace's tools. This campaign highlights Squarespace's mission to empower creators and entrepreneurs worldwide. Directed by Edgar Wright, it celebrates the evolving commerce landscape with a playful nod to the company's slogan, 'Everything to Sell Anything.' The commercial is set to air during the Super Bowl on February 13, 2022, across the US, UK, and Canada.
Squarespace, the all-in-one website building and ecommerce platform, announced that Founder & CEO Anthony Casalena will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2022, at 6:00 p.m. ET. Investors can view the webcast and archived replay on the Squarespace Investor Relations website. Squarespace offers integrated tools for selling physical products, digital content, and managing businesses across various touchpoints, serving customers in approximately 200 countries. For more details, visit squarespace.com.
Squarespace, Inc. (NYSE: SQSP) will report its fourth quarter and fiscal year 2021 financial results on March 7, 2022, before market open. A conference call will follow at 8:30 a.m. ET to discuss the results. Investors can participate through the Investor Relations website. The company provides an all-in-one platform for website building and ecommerce, serving customers in around 200 countries with tools for selling products, digital content, and managing social media.
The New York Knicks and Squarespace have launched the fifth annual “Make It Awards,” providing grants and marketing assets to aid local businesses. Four businesses will be awarded a
Squarespace (NYSE: SQSP) announced participation in two upcoming investor conferences. On November 30, 2021, CEO Anthony Casalena will join a fireside chat at the Credit Suisse 25th Annual Technology Conference at 3:20 p.m. ET. The following week, on December 7, 2021, he will partake in another virtual chat at the Barclays Global Technology, Media and Telecommunications Conference, starting at 9:45 a.m. ET. Webcasts and replays for both events will be available on the Squarespace Investor Relations website.
Squarespace, Inc. (NYSE: SQSP) reported third-quarter results for 2021, achieving a total revenue of $201 million, a 24% increase year-over-year. Commerce revenue surged to $59.8 million, up 55%, highlighting its growing importance. The company reached 4 million unique subscriptions, a rise of 13.5%.
Adjusted EBITDA was $38.4 million, down from $40.6 million last year. For Q4, Squarespace anticipates revenues between $203 million and $206 million, reflecting a 18%-20% growth.
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