Squarespace (SQSP) raises full-year revenue forecast

Squarespace (NYSE: SQSP) boosted its full-year sales forecast after the Q1 revenue figures came in better than expected.

The company posted flat Q1 EPS on revenue of $237 million, which compares to the analyst consensus for earnings per share of $0.01 on revenue of $233.03M. Overall, revenue rose 14% year-over-year.

"Squarespace had an outstanding first quarter, delivering double-digit revenue and bookings growth," said Anthony Casalena, Founder & CEO of Squarespace. "Our strong results exemplify the value we provide entrepreneurs looking to grow their businesses online."

For this quarter, the company sees revenue of $243 million, ahead of the consensus at $238.1M. For FY23, SQSP expects sales of $975M, up from the prior $962.5M. Analysts were looking for $964.5M.

By Senad Karaahmetovic

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