Squarespace reports earnings, expects $1B annual revenue for first time

Squarespace reports earnings, expects $1B annual revenue for first time

Company reports robust growth, with more ahead thanks to Google Domains acquisition.

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Website building platform Squarespace (NYSE: SQSP) announced its Q3 earnings before the market opened this morning.

Total revenue grew 18% year over year to $257.1 million. Bookings grew at the same 18% clip to $267.0 million in the quarter.

Q3 includes about three weeks of contribution from Google Domains, which the company acquired on September 7.

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The total number of unique subscriptions increased 5% year over year, totaling 4.4 million, not including Google Domains. And those subscribers are paying more, too, with revenue per unique subscriber up 10% year over year to $226.05 (also not including Google Domains customers).

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Squarespace expects its Q4 revenue growth to range from 14% to 16% and full-year revenue to range from $1.002 billion to $1.006 billion. That would be the first time the company’s annual revenue topped the billion mark.

Shares in the company are down slightly in trading this morning.

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