HubSpot Q3 Earnings Highlights: EPS Beat, Revenue Up 26%, Customers Jump 22% And More
Portfolio Pulse from Adam Eckert
HubSpot Inc (NYSE:HUBS) reported better-than-expected Q3 financial results, with revenues of $557.6 million, beating estimates of $534.11 million, and EPS of $1.59, surpassing estimates of $1.24. Total revenues were up 26% YoY, with subscription revenues climbing 25% and other revenues increasing 31%. The customer count grew 22% YoY to 194,098. The company expects Q4 revenue to be between $556 million and $558 million, and full-year revenue to be in the range of $2.144 billion and $2.146 billion.
November 08, 2023 | 10:26 pm
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POSITIVE IMPACT
HubSpot's Q3 results exceeded expectations, with significant YoY growth in revenues and customer count. This positive performance could boost investor confidence and potentially drive the stock price up in the short term.
HubSpot's better-than-expected Q3 results, coupled with a significant YoY growth in revenues and customer count, indicate a strong financial performance. This could boost investor confidence in the company's growth prospects, potentially leading to increased demand for the stock and driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100