HUBSPOT, INC. - HUBS STOCK NEWS

HubSpot announced a new IDC White Paper, "The HubSpot Ecosystem: Nearly $19 Billion in New Opportunity Ahead," highlighting its partners' role in supporting companies transitioning to a digital-first landscape. The report forecasts HubSpot's partner ecosystem revenue to grow from $4.8 billion in 2020 to $12.5 billion by 2024, totaling an additional $18.8 billion in four years. The paper emphasizes HubSpot's ability to streamline operations through effective integrations and advanced service offerings, positioning it favorably for future growth.

HubSpot announced that CEO Brian Halligan was injured in a snowmobile accident and will take time off to recover. Halligan is expected to make a full recovery. In his absence, Chief Customer Officer Yamini Rangan will handle daily operations. Board Member Lorrie Norrington expressed confidence in the management team, assuring stakeholders of continued organizational growth during Halligan's recuperation. HubSpot, a leading CRM platform, serves over 100,000 customers globally, emphasizing its commitment to fostering a strong corporate culture and supporting its employees and clients.

HubSpot (NYSE: HUBS), a leader in customer relationship management, will present at the Morgan Stanley Technology Conference on March 2, 2021, at 10:15 a.m. ET. The presentation will feature Kate Bueker, CFO, and Chuck MacGlashing, Head of IR and Corporate Treasury. Interested parties can access the live webcast via the company's investor relations website. HubSpot offers a comprehensive CRM platform helping over 100,000 customers globally to grow better.

HubSpot reported strong financial results for Q4 and full year 2020. Total revenue reached $252.1 million in Q4, up 35% year-over-year, with subscription revenue at $244.3 million, a 36% increase. For the full year, revenues totaled $883.0 million, an increase of 31%. Despite a GAAP net loss of ($15.4 million) in Q4, non-GAAP net income was $20.1 million. The company now boasts 103,994 customers, marking a 42% growth from the previous year. Outlook for Q1 2021 forecasts revenues of $260-$265 million.

HubSpot has announced its acquisition of The Hustle, a media company known for its newsletter and podcast content. This strategic move aims to enhance HubSpot's offerings to scaling companies by delivering educational and trend-based content in various formats. With The Hustle's established audience of over 1.5 million readers, HubSpot plans to leverage this to better serve customer needs. HubSpot's existing community already engages with its educational resources extensively, and this acquisition is expected to strengthen its position as a key content provider for entrepreneurs and startups.

HubSpot, a leading CRM platform, will release its fourth quarter and full year 2020 financial results after markets close on February 11, 2021. A conference call is scheduled on the same day at 4:30 p.m. ET to discuss these results and the company's business outlook. Interested participants can register for the call via the provided links, and a replay will be available afterward. HubSpot serves over 95,000 customers in more than 120 countries, offering marketing, sales, and service software.

HubSpot has appointed Nick Caldwell to its board of directors, succeeding Michael Simon, who retires after almost a decade of service. Caldwell, known for his experience in product development and engineering at companies like Microsoft and Twitter, will bring valuable insights to enhance HubSpot's CRM platform. Simon has been instrumental during significant milestones, including HubSpot's IPO in 2014. Caldwell expressed eagerness to support HubSpot in expanding its product offerings, while Simon expressed confidence in the board's future leadership.

HubSpot has announced a commitment of $20 million to social impact investing, with $12.5 million allocated to the Black Economic Development Fund managed by the Local Initiatives Support Corporation (LISC). This initiative aims to support Black-led financial institutions and foster economic empowerment. The Fund has closed at $175 million and will begin making investments in early 2021. HubSpot joins other major companies in this effort, emphasizing its commitment to dismantling systemic racism and closing the racial wealth gap.