Squarespace Revenue Increases As You Strengthen Your Sales Efforts

Squarespace Revenue Increases As You Strengthen Your Sales Efforts
Squarespace released its financial results for its third quarter, revealing that its website builder and eCommerce platform have been boosted by its recent business efforts. According to CFO Marcela Martín, who was appointed to the role last month, commerce is becoming an increasingly important part of the company's operations, as revenue from commerce generated $59,8 million in the third quarter, an increase of 55% year-over-year. . Additionally, by the end of the third quarter, Squarespace was able to achieve €210 million in business revenue year-over-year. Squarespace founder and CEO Anthony Casalena provided more information on the company's recent business efforts in a press release, saying, “Squarespace had another exceptional quarter as we continue to deliver strong revenue growth and introduce new solutions that they provide our millions of customers around the world with the competitive advantages they need to succeed. We launched Everything to Sell Anything, our new brand vision that aims to disrupt the traditional eCommerce model by offering dynamic new ways to sell any type of product or service on the side."

Unique subscriptions

In its fiscal third quarter, Squarespace was able to generate a total of €201 million in revenue, up 24% year-over-year, and was likely driven by the company's latest push into e-commerce. Meanwhile, its total annual revenue (ARRR) rose to $788,6 million (up 21% year-over-year). When it comes to subscribers to its website building service, Squarespace's unique signups hit 4 million in Q13,5, up 198% year-over-year. At the same time, the company's existing subscribers are spending more on new services, with average revenue per single subscription (ARPUS) reaching €5,7, up 203% year-over-year. Going forward, Squarespace projects revenue of €206-2021 million in the fourth quarter of fiscal 18, which will equate to 20-XNUMX% year-over-year growth. Whether you're looking to build an online presence or start an online store, Squarespace provides all the tools you need to build a website and start selling your products online. Are you looking to create an online store? Check out our lists of the best ecommerce website builders, the best ecommerce platforms, and the best ecommerce hosting.