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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.
HubSpot
HubSpot
HubSpot Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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