Squarespace revenue tops $1 billion in 2023

Company reports robust growth in 2023 and says its Google Domains acquisition is performing well.

Squarespace (NYSE: SQSP) reported Q4 and full-year 2023 earnings today.

For Q4, the company grossed $270.7 million, up 18% from $228.8 million in the same quarter of 2022.

For the year, the company grossed $1.012 billion, up 17% from $867.0 million in 2022.

Price increases accounted for 27% of the annual growth.

Unique subscriptions increased 10% to end the year at 4.6 million, not including domain-only customers acquired through the Google Domains acquisition. Average revenue per unique subscription increased 8% year over year, again not including Google Domains-only customers.

Squarespace said renewals from Google Domains customers surpassed expectations. And while the company didn’t break out the impact Google Domains (which it acquired in September) had on its 2023 numbers, the company says it expects it to add $85 million to $88 million to the top line in 2024.

I have asked Squarespace for more details about the domain name business and will update this story when I hear back.

Post link: Squarespace revenue tops $1 billion in 2023

© DomainNameWire.com 2024. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.