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SQSP - Squarespace Q4: FY24 Guidance Seems Too Conservative
Squarespace Inc. Class A
2024-03-22 11:56:44 ET
Summary
Squarespace reported strong operating performance in 4Q23, beating revenue expectations and generating higher-than-expected free cash flow.
The company's price increases have been successful in driving revenue growth, and further pricing growth is expected in the future.
The FY24 guidance provided by Squarespace may be too conservative, as it does not account for potential price hikes and underestimates the revenue potential from the acquired Google domains.