HubSpot Q1 revenue $617.4M (+23% YoY), GAAP net income positive, guides FY24 rev $2.55-2.56B

HUBSPOT INC

2024-Q1 EPS reported $0.12 revenue$617,414,000

Q1 revenue $617.4M, up 23% YoY; subscription revenue $603.8M also up 23%.
GAAP net income $5.9M ($0.12/sh) vs net loss of $36.6M in Q1'23; non-GAAP EPS $1.68 diluted.
Non-GAAP operating margin expanded to 15.0% from 13.8%; operating cash flow $127.1M.
Customer count grew 22% to 216,840; average subscription revenue per customer $11,447 (+1%).
Q2'24 guidance: revenue $617-619M, non-GAAP EPS $1.62-1.64; FY24 rev $2.55-2.56B, EPS $7.30-7.38.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

HUBSPOT INC updated its second quarter of 2024 and full year 2024 guidance (initiated).

Period: second quarter of 2024 and full year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

HubSpot is issuing guidance for the second quarter of 2024 and full year 2024 as indicated below.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUBSPOT INC reported first quarter ended March 31, 2024 results: revenue $617.4 million, net income $5.9 million, EPS $0.12 per basic and diluted share. Guidance initiated.

Period: first quarter ended March 31, 2024
Revenue: $617.4 million
Net income: $5.9 million
EPS: $0.12 per basic and diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

the customer platform for scaling companies, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights: Revenue ● Total revenue was $617.4 million, up 23% compared to Q1'23. o Subscription revenue was $603.8 million, up 23% compared to Q1'23. o Professional services and other revenue was $13.6 million, up 15% compared to

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Source: SEC EDGAR

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