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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.
HubSpot
HubSpot
HubSpot Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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.
- Q1 2023 assumes approximately 51.5 million weighted average diluted shares outstanding.
- Full year 2023 assumes approximately 52.2 million weighted average diluted shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income