SQUARESPACE Reports Q2 FY2023 Financial Results, Ending June 30 2023

August 11, 2023

🌥️Earnings Overview

On August 8 2023, SQUARESPACE ($NYSE:SQSP) reported financial results for the second quarter of FY2023, ending on June 30th. Revenue had increased 16.4% from the same period in the previous year, reaching USD 247.5 million. Unfortunately, net income had dropped 94.3%, to only USD 3.7 million.

Price History

On Tuesday, SQUARESPACE announced its financial results for the second quarter of fiscal year 2023, which ended on June 30, 2023. The reported results showed that SQUARESPACE’s stock opened at $33.0 and closed at $30.7, a decrease of 4.2% from its previous closing price of 32.1. These positive results further validate SQUARESPACE’s business model, which is focused on providing innovative and reliable web-hosting services for businesses of all sizes. This growth was driven by an increase in new customers and an expansion of its product portfolio.

This suggests that more businesses are starting to recognize the value of using SQUARESPACE’s services to target their customers and better manage their web presence. Overall, SQUARESPACE reported strong financial results for the second quarter of FY2023, which demonstrates its continued success in delivering reliable and innovative web-hosting services to businesses of all sizes. With its positive financial performance, the company is well positioned to continue to grow and expand its customer base in the future. Live Quote…

About the Company

  • SQUARESPACE_Reports_Q2_FY2023_Financial_Results_Ending_June_30_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Squarespace. More…

    Total Revenues Net Income Net Margin
    931.07 -219.69 -9.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Squarespace. More…

    Operations Investing Financing
    197.24 19.45 -163.57
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Squarespace. More…

    Total Assets Total Liabilities Book Value Per Share
    766.41 1.06k -2.15
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Squarespace are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    21.4% -39.9% -16.0%
    FCF Margin ROE ROA
    19.8% 30.6% -12.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of SQUARESPACE‘s fundamentals to assess its investment potential. Our Risk Rating puts SQUARESPACE at a medium risk, taking into account both financial and business aspects. As part of our comprehensive assessment, we have detected three risk warnings in SQUARESPACE’s balance sheet, cashflow statement, and financial journal. To get the full picture, we recommend becoming a registered user and exploring our in-depth review. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    In the world of website design and hosting, there is stiff competition between Squarespace Inc and its competitors: Justsystems Corp, Marin Software Inc, and Autodesk Inc. All four companies offer different plans and features for their customers, making it difficult for consumers to decide which one to use.

    However, Squarespace Inc has always managed to stay ahead of the game, thanks to its user-friendly interface and innovative design templates.

    – Justsystems Corp ($TSE:4686)

    Justsystems Corp is a Japanese software company that specializes in artificial intelligence and document processing. The company has a market cap of 211.94B as of 2022 and a Return on Equity of 14.99%. Justsystems was founded in 1981 and is headquartered in Tokyo, Japan.

    – Marin Software Inc ($NASDAQ:MRIN)

    Marin Software Inc is a publicly traded digital advertising company. The company has a market capitalization of 19.34 million as of 2022 and a return on equity of -36.28%. The company provides a software platform that helps businesses manage their online advertising campaigns across multiple channels, including search, display, social, and mobile. The company was founded in 2006 and is headquartered in San Francisco, California.

    – Autodesk Inc ($NASDAQ:ADSK)

    Autodesk, Inc. is an American multinational software corporation that makes software for the architecture, engineering, construction, manufacturing, media, and entertainment industries. A market cap is a company’s total value, including shares outstanding and debt. Autodesk’s market cap is $49.39B as of 2022. Return on equity (ROE) is a financial ratio that measures the profitability of a company in relation to its shareholders’ equity. Autodesk’s ROE is 71.49%.


    SQUARESPACE reported their financial results for the second quarter of FY2023, revealing total revenue of USD 247.5 million, up 16.4% from the same time period last year. Net income, however, decreased 94.3% year over year to USD 3.7 million. This news caused the stock price to drop on the same day.

    Investors should be cautious about investing in SQUARESPACE, as the company’s quarterly earnings were substantially lower than the previous year. Furthermore, given the uncertain economic environment, it may be wiser to wait and see how the company performs in the future before taking any action.

    Recent Posts

    Leave a Comment