HubSpot Q2 revenue $529M (+25% YoY); non-GAAP EPS $1.34 beats; customers up 23%

HUBSPOT INC

2023-Q2 EPS reported -$3.17 revenue$1,030,758,000

Revenue $529.1M (+25% YoY); subscription revenue $517.7M (+26%).
Non-GAAP operating income $74.2M (14.0% margin) vs $29.4M (7.0%) in Q2'22.
GAAP net loss ($118.9M) or ($2.39)/share; non-GAAP net income $70.0M or $1.34/diluted share.
Customers grew 23% YoY to 184,924; average subscription revenue per customer $11,432 (+2%).
Q3 guidance: rev $532-534M, non-GAAP EPS $1.22-1.24; FY2023 rev $2.116-2.122B, non-GAAP EPS $5.24-5.29.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUBSPOT INC reported the second quarter ended June 30, 2023 results: revenue $529.1 million, net income ($118.9) million, EPS ($2.39) per basic and diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $529.1 million
Net income: ($118.9) million
EPS: ($2.39) per basic and diluted share
Result: reported results

Exact text from the filing

HubSpot, Inc. (NYSE: HUBS), the customer relationship management (CRM) platform for scaling companies, today announced financial results for the second quarter ended June 30, 2023. Financial Highlights: Revenue • Total revenue was $529.1 million, up 25% compared to Q2'22. o Subscription revenue was $517.7 million, up 26% compared to Q2'22. o Professional services and other revenue was $11.5 million, up 23% compared to Q2'22. Operating Income (Loss) • GAAP operating margin was (22.4%), compared to (12.4%) in Q2'22. • Non-GAAP operating margin was 14.0%, compared to 7.0% in Q2'22. • GAAP operating loss was ($118.5) million, compared to ($52.3) million in Q2'22. • Non-GAAP operating income was $74.2 million, compared to $29.4 million in Q2'22. Net Income (Loss) • GAAP net loss was ($118.9) million, or ($2.39) per basic and diluted share, compared to ($56.4) million, or ($1.18) per basic and diluted share in Q2'22.

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Source: SEC EDGAR

accession 0000950170-23-037188

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