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Dec 31, 2022
HubSpot Q4 2022 Earnings Report
HubSpot's Q4 2022 financial results were announced, showcasing revenue growth and strategic business adjustments.
Key Takeaways
HubSpot reported a 27% increase in total revenue for Q4 2022, reaching $469.7 million. Subscription revenue drove the growth, increasing by 28% to $458.2 million. The company's GAAP net loss was $15.6 million, while non-GAAP net income was $56.8 million.
Total revenue increased by 27% compared to Q4 2021, reaching $469.7 million.
Subscription revenue grew by 28% to $458.2 million.
GAAP net loss was ($15.6) million, or ($0.32) per share.
Non-GAAP net income was $56.8 million, or $1.11 per diluted share.
Revenue by Segment
Forward Guidance
HubSpot provided guidance for Q1 2023 and full year 2023, including revenue and non-GAAP operating income estimates.
Positive Outlook
- Q1 2023 total revenue is expected to be in the range of $473.0 million to $475.0 million.
- Full year 2023 total revenue is expected to be in the range of $2.050 billion to $2.060 billion.
- Q1 2023 Non-GAAP operating income is expected to be in the range of $45.0 million to $47.0 million.
- Full year 2023 Non-GAAP operating income is expected to be in the range of $248.0 million to $252.0 million.
- Q1 2023 Non-GAAP net income per common share is expected to be in the range of $0.82 to $0.84.
Challenges Ahead
- Unfavorable foreign exchange rates are expected to be a 4 point headwind to first quarter 2023 revenue growth.
- Unfavorable foreign exchange rates are expected to be a one point headwind to full year 2023 revenue growth.
- The impact of restructuring charges are excluded from non-GAAP operating income and non-GAAP net income per common share business outlook.
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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