HubSpot (NYSE: HUBS) reported Q1 EPS of $1.68, $0.18 better than the analyst estimate of $1.50. Revenue for the quarter came in at $617.41 million versus the consensus estimate of $597.64 million.

GUIDANCE: Second Quarter 2024:

HubSpot sees Q2 2024 revenue of $617-619 million, versus the consensus of $623.8 million.

Foreign exchange rates are expected to be a 1 point headwind to second quarter 2024 revenue growth(1).

Non-GAAP operating income is expected to be in the range of $92.0 million to $93.0 million.
Non-GAAP net income per common share is expected to be in the range of $1.62 to $1.64, versus the consensus of $1.57.
This assumes approximately 53.3 million weighted average diluted shares outstanding.

Full Year 2024:

Total revenue is expected to be in the range of $2.55 billion to $2.56 billion, versus the consensus of $2.565 billion

Foreign exchange rates are expected to be a 1 point headwind to full year 2024 revenue growth(1).

Non-GAAP operating income is expected to be in the range of $426.0 million to $430.0 million.
Non-GAAP net income per common share is expected to be in the range of $7.30 to $7.38. This assumes approximately 53.5 million weighted average diluted shares outstanding.

For earnings history and earnings-related data on HubSpot (HUBS) click here.