Squarespace revenue rises as it boosts its commerce efforts
Squarespace has released its financial results for its third quarter revealing that its website builder and ecommerce platform were boosted by its recent commerce efforts.
According to CFO Marcela Martin who was appointed to the role last October, commerce represents an increasingly important part of the company’s business as as commerce revenue brought in $59.8m during Q3 which is up 55 percent year-over-year. Additionally, at the end of the third quarter, Squarespace was able to achieve $210m in trailing twelve-month commerce revenue.
Founder and CEO of Squarespace, Anthony Casalena provided further insight on the company’s recent commerce efforts in a press release, saying:
“Squarespace had another outstanding quarter as we continued to achieve strong revenue growth and introduce new solutions that give our millions of customers around the world 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 new and dynamic ways to sell any type of product or service in parallel.”
Unique Subscriptions
During its fiscal third quarter, Squarespace was able to bring in a total of 201.m in revenue which is up 24 percent year-over-year and was likely boosted by the company’s latest push into ecommerce. Meanwhile, its total annual run rate revenue (ARRR) increased to 788.6m (up 21% year-over-year).
When it came to subscribers to its website building service, Squarespace’s Unique Subscriptions reached 4m in Q3, up 13.5 percent year-over-year. At the same time, the company’s existing subscribers are spending more on new services as the average revenue per unique subscription (ARPUS) grew to $198, up 5.7 percent year-over-year.
Going forward, Squarespace expects revenue of $203-206m during the fourth quarter of fiscal year 2021 and this will equate to year-over-year growth of 18 percent to 20 percent.
Whether you’re looking to create an online presence or open an online store, Squarespace provides all of the tools you need to build a website and start selling your products online.
Looking to build an online store? Check out our lists of the best ecommerce website builder, best ecommerce platforms and best ecommerce hosting
Squarespace has released its financial results for its third quarter revealing that its website builder and ecommerce platform were boosted by its recent commerce efforts. According to CFO Marcela Martin who was appointed to the role last October, commerce represents an increasingly important part of the company’s business as as…
Recent Posts
- This gadget promises to increase productivity inside your vehicle by converting ICE screens into displays — and even includes Samsung DeX compatibility for free
- Quordle today – hints and answers for Monday, April 22 (game #819)
- NYT Strands today — hints, answers and spangram for Monday, April 22 (game #50)
- Why is Windows 11 so got dang annoying?
- AMD teams up with Arm to unveil AI chip family that does preprocessing, inference and postprocessing on one silicon — but you will have to wait more than 12 months to get actual products
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011