Squarespace, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 02:25 pm
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Squarespace, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 257.06 million compared to USD 217.7 million a year ago. Net loss was USD 16.5 million compared to net income of USD 10.11 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.
For the nine months, sales was USD 741.62 million compared to USD 638.16 million a year ago. Net loss was USD 12.34 million compared to USD 18.26 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.13 a year ago.
Squarespace, Inc. provides a design-driven platform helping entrepreneurs build brands and businesses online. The Company enables its users in more than 200 countries and territories with all the tools they need to create an online presence, build an audience, monetize, and scale their business. Its suite of products ranges from Websites, domains, e-commerce, and marketing tools, as well as tools for scheduling with Acuity, creating and managing social media presence with Bio Sites and Unfold, and hospitality business management via Tock. It provides tools for customers to transact in the ways that work for their businesses, including scheduling, digital content and hospitality functionality for service sellers and tailored products for physical goods sellers. It provides customers with tools to help them grow their businesses through data insights and marketing amplification. Its customers represent a range of industries and sizes, ranging from sole proprietors to large enterprises.