HubSpot Surpasses Q4 Revenue Estimates
HubSpot reported strong quarterly earnings, outpacing both management's guidance and analyst estimates. It was driven by impressive revenue growth and enhanced platform capabilities.
Customer relationship management software provider HubSpot (NYSE:HUBS) reported fourth-quarter earnings on Wednesday, Feb. 12 that topped analysts' consensus expectations. Adjusted EPS (diluted) came in at $2.32, outperforming the expected $2.19. Revenue of $703.2 million surpassed estimates of $673 million as well as management's guidance of $672 to $674 million. Revenue for the quarter rose 21% year over year, reflecting successful strategic shifts and solid execution.
While a slight decline in average revenue per customer emerged, the overall quarterly results illustrate a strong performance.
Source: HubSpot. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. pps = Percentage points.
