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Sep 30, 2024
HubSpot Q3 2024 Earnings Report
HubSpot's Q3 2024 financial results were announced, showcasing revenue growth and profitability.
Key Takeaways
HubSpot reported a strong Q3 2024 with total revenue of $669.7 million, a 20% increase year-over-year. GAAP net income was $8.1 million, or $0.16 per share, compared to a net loss in Q3 2023. The company grew its customer base to 238,128 and generated $129.2 million in non-GAAP free cash flow.
Total revenue increased by 20% year-over-year, reaching $669.7 million.
GAAP net income was $8.1 million, a significant improvement from the net loss in Q3 2023.
Non-GAAP operating margin was 18.7%, compared to 16.5% in Q3 2023.
Customer base grew to 238,128, representing a 23% increase from the previous year.
Revenue by Segment
Forward Guidance
HubSpot provided guidance for Q4 2024 and full year 2024.
Positive Outlook
- Total revenue is expected to be in the range of $672.0 million to $674.0 million for Q4 2024.
- Non-GAAP operating income is expected to be in the range of $128.0 million to $129.0 million for Q4 2024.
- Non-GAAP net income per common share is expected to be in the range of $2.18 to $2.20 for Q4 2024.
- Total revenue is expected to be in the range of $2.597 billion to $2.599 billion for full year 2024.
- Non-GAAP operating income is expected to be in the range of $455.0 million to $456.0 million for full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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