Squarespace Q4: FY24 Guidance Seems Too Conservative [Seeking Alpha]
Squarespace, Inc. Class A (SQSP)
Company Research
Source: Seeking Alpha
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. Investment overview I wrote about Squarespace ( NYSE: SQSP ) previo usly with a buy rating in December 2023, as I believed SQSP could continue to grow despite the macro headwinds as it continued to release new products and improve its up-selling capabilities. For this post, I still recommend a buy rating as I believe the business remains sound and that FY24 guidance seems too conservative. Strong operating performance in 4Q23 SQSP reported total revenue of $271 million, a growth rate of 18%, which beat both consensus and guidance expectations of 15% and 14.5% (midpoint), respectively. Although the top line beat, EBITDA came in line with the consensus expect
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SQSP
News
- What is Web Hosting and How Does it Work? [CNET News]CNET News
- Accessibly Celebrates $1M in Revenue from Shopify App and Teases Feature Launches for 2024 [Yahoo! Finance]Yahoo! Finance
- Synder Broadens Its Reach: Welcomes TikTok, Faire, and Squarespace Into Its Ecosystem [Yahoo! Finance]Yahoo! Finance
- Squarespace to Announce First Quarter 2024 Financial Results on May 7, 2024PR Newswire
- Spotting Winners: Shopify (NYSE:SHOP) And E-commerce Software Stocks In Q4 [Yahoo! Finance]Yahoo! Finance
SQSP
Earnings
- 2/28/24 - Miss
SQSP
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 144
- 4/22/24 - Form DEFA14A
- SQSP's page on the SEC website