2023-11-07 06:15:05 ET
- Squarespace press release ( NYSE: SQSP ): Q3 GAAP EPS of -$0.12may not be comparable to consensus
- Revenue of $257.1M (+18.1% Y/Y) beats by $5.18M .
- Adjusted EBITDA increased to $66.5 million in the third quarter, compared with $43.7 million in the third quarter 2022.
- Cash and cash equivalents of $216.5 million; total debt of $580.7 million, of which $49.0 million is current, debt net of cash and investments totaled $364.2 million.
- Total unique subscriptions increased 5% year over year to over 4.4 million in 2023, compared to 4.2 million in 2022.
- Average revenue per unique subscription ("ARPUS") increased 10% year over year to $226.05 in 2023, compared to $206.38 in 2022.
- Annual run rate revenue ("ARRR") increased 18% year over year to $1,013.5 million in 2023, compared to $861.4 million in 2022.
- Q4 Outlook:Revenue of $261 million to $264 million, or year-over-year growth of 14% to 16%.
- Non-GAAP unlevered free cash flow of $56 million to $60 million. This is the result of:
- Cash flow from operating activities of $53 million to $57 million, minus
- Capital expenditures, expected to be approximately $5 million; plus
- Cash paid for interest expense net of associated tax benefit, expected to be approximately $7.5 million.
- Non-GAAP unlevered free cash flow of $56 million to $60 million. This is the result of:
FY Outlook:Revenue of $1,002 million to $1,006 million, or year-over-year growth of 15% to 16%; Non-GAAP unlevered free cash flow of $232 million to $236 million. This is the result of:
For further details see:
Squarespace reports Q3 results