HubSpot (HUBS) Tops Q1 EPS by 37c; Guides Higher

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Go back to HubSpot (HUBS) Tops Q1 EPS by 37c; Guides Higher

HubSpot Reports Q1 2023 Results

May 3, 2023 4:10 PM EDT

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- HubSpot, Inc. (NYSE: HUBS), the customer relationship management (CRM) platform for scaling companies, today announced financial results for the first quarter ended March 31, 2023.

Financial Highlights:

Revenue

Total revenue was $501.6 million, up 27% compared to Q1'22. Subscription revenue was $489.7 million, up 27% compared to Q1'22. Professional services and other revenue was $11.9 million, up 12% compared to Q1'22.

Operating Income (Loss)

GAAP operating margin was (8.9%), compared to (2.8%) in... More