Squarespace Inc Stock Price, News & Analysis

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 February 12, 2023, during Super Bowl LVII, promising a blend of humor and high-quality production.

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.

On November 9, 2022, Squarespace announced that Anthony Casalena, Founder & CEO, will present at two major investor conferences. The first is the RBC Capital Markets Global Technology Conference on November 16, 2022, at 3:45 p.m. ET. The second is the Barclays Global Technology Conference on December 7, 2022, at 12:15 p.m. ET. A live audio webcast and archived replay will be available on the Squarespace Investor Relations website.

Squarespace (NYSE: SQSP) reported third-quarter 2022 results with total revenue of $217.7 million, an 8% year-over-year growth, and 13% growth in constant currency. Commerce revenue increased 13% to $67.7 million. Net income surged to $10.1 million from $2.8 million last year, equating to earnings per share of $0.07. Adjusted EBITDA rose to $43.7 million. Cash flow from operations was $41.4 million. The company forecasts Q4 revenue between $219 million and $224 million, with full-year guidance of $857 million to $862 million.