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Mar 31, 2022
HubSpot Q1 2022 Earnings Report
HubSpot's revenue increased by 41% year-over-year, driven by strong subscription revenue growth and customer acquisition.
Key Takeaways
HubSpot reported strong Q1 2022 results, with total revenue reaching $395.6 million, a 41% increase compared to Q1 2021. The company grew its customer base to over 143,000 and saw improvements in operating and net income margins.
Total revenue was $395.6 million, up 41% compared to Q1 2021.
Subscription revenue was $385.0 million, up 42% compared to Q1 2021.
GAAP net loss was ($9.3) million, or ($0.20) per basic and diluted share.
Grew Customers to 143,689 at March 31, 2022, up 26% from March 31, 2021.
HubSpot
HubSpot
HubSpot Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
HubSpot is issuing guidance for the second quarter of 2022 and full year 2022. Total revenue is expected to be in the range of $409.0 million to $410.0 million for Q2 2022 and $1.722 billion to $1.728 billion for full year 2022.
Positive Outlook
- Total revenue is expected to be in the range of $409.0 million to $410.0 million for Q2 2022.
- Non-GAAP operating income is expected to be in the range of $27.0 million to $28.0 million for Q2 2022.
- Non-GAAP net income per common share is expected to be in the range of $0.42 to $0.44 for Q2 2022.
- Total revenue is now expected to be in the range of $1.722 billion to $1.728 billion for full year 2022.
- Non-GAAP operating income is now expected to be in the range of $152.0 million to $154.0 million for full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income