Hubspot Inc Stock Price, News & Analysis

HubSpot (NYSE: HUBS) is set to present at the RBC Technology Conference on November 17, 2020, at 1:20 p.m. ET. The presentation will feature CEO Brian Halligan and CFO Kate Bueker, who will discuss the company's innovative customer relationship management (CRM) platform. Interested parties can access the live webcast on HubSpot's investor relations website. Additionally, the company will conduct virtual 1-on-1 investor meetings that day, showcasing its commitment to investor engagement.

HubSpot (HUBS) reported Q3 2020 financial results, showcasing a total revenue of $228.4 million, a 32% increase year-over-year. Subscription revenue also rose to $221.1 million, but professional services revenue fell by 12%.

The company reported a GAAP operating loss of $15.5 million, while non-GAAP operating income reached $16.5 million. Net loss was $22.5 million, or $0.49 per share. Cash flow improved, with $38.7 million of operating cash flow generated. HubSpot expects Q4 2020 revenue of $235.0-237.0 million.

HubSpot announced it will release its Q3 2020 financial results after U.S. markets close on November 5, 2020. Following the release, a conference call will be held at 4:30 p.m. ET to discuss the results and provide a business outlook. Investors can register for the call via HubSpot's Investor Relations website. The company's software services are utilized by over 86,000 customers in more than 120 countries, reflecting its significant market reach.

HubSpot announced the launch of a new pricing model called marketing contacts, allowing customers to pay only for contacts they actively market to via email or ads. Customers can now store up to one million non-marketing contacts for free, enhancing database organization and customer engagement. This move responds to customer demand for more flexible pricing, supporting business growth amidst economic challenges. HubSpot continues to update its offerings, including raised reporting limits and reduced pricing for its Starter Growth Suite, thereby aiming to enhance customer experience.

HubSpot announces a significant upgrade to its Sales Hub Enterprise, enhancing its sales CRM with features like custom objects, advanced reporting, and improved permissions. These updates aim to increase usability and empower sales teams to connect with prospects efficiently. Acknowledging that traditional CRMs often frustrate sales staff, HubSpot emphasizes the need for a solution that combines power and ease-of-use, enabling better customer engagement while ensuring transparency in pricing. The revamped platform offers a streamlined sales process, ensuring teams can effectively utilize the CRM without added complexities.

HubSpot introduced new features to enhance business resilience amid COVID-19, including an enterprise sales CRM, a scalable contacts pricing model, and advanced personalization tools. The updates aim to unify marketing, sales, and service efforts, promoting improved customer experiences. Key highlights from the INBOUND event include the Sales Hub Enterprise with custom objects, enhanced Marketing Hub functionality, and Service Hub upgrades like help desk automation. The new pricing model allows Marketing Hub customers to pay only for actively marketed contacts, offering scalability in uncertain economic times.

HubSpot (NYSE: HUBS) announced a webcast for its 2020 Analyst Day on September 22, 2020, starting at 10:00 am Eastern. The event will feature presentations from its leadership, including Co-Founders Brian Halligan and Dharmesh Shah, covering product updates and financial overviews. It will conclude with a Q&A session with executive leadership. HubSpot serves over 86,000 customers in 120+ countries, offering a growth platform that includes Marketing, Sales, Service Hubs, and a free CRM.

HubSpot (NYSE: HUBS) plans to present virtually at the Citi Technology Conference on September 10, 2020, at 10:45 a.m. ET. The presentation will feature Brian Halligan, CEO, and Charles MacGlashing, Corporate Treasurer. Interested parties can access the live webcast on ir.hubspot.com. Additionally, the company will hold one-on-one investor meetings on the same day. HubSpot, a growth platform founded in 2006, serves over 86,000 customers globally, offering solutions for marketing, sales, service, and CRM.

HubSpot reported its Q2 2020 financial results, with total revenue of $203.6 million, up 25% year-over-year. Subscription revenue reached $196.4 million, a 26% increase. However, professional services revenue declined by 3% to $7.2 million. The company posted a GAAP net loss of $29.4 million or ($0.67) per share, worsening from a loss of ($17.4 million) in Q2'19. HubSpot anticipates Q3 2020 revenue between $210 million and $211 million, factoring in uncertainties due to COVID-19.