Squarespace Expects Q1 Revenue Of $274M-$277M Vs. $271.84M Estimate, Sees FY24 Revenue Of $1.170B-$1.190B Vs. 1.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Squarespace provided its Q1 revenue forecast to be between $274M-$277M, surpassing the estimated $271.84M. Additionally, the company projects its FY24 revenue to range from $1.170B to $1.190B, aligning with the $1.17B estimate.
February 28, 2024 | 11:25 am
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POSITIVE IMPACT
Squarespace's Q1 revenue forecast exceeds expectations, and its FY24 revenue projection aligns with estimates, indicating strong financial performance.
Squarespace's higher than expected Q1 revenue forecast suggests a positive market response and potential stock price increase. The FY24 revenue projection meeting estimates further stabilizes investor confidence in the company's growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100