HubSpot, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 06, 2024 at 04:05 pm EST
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HubSpot, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 669.72 million compared to USD 557.56 million a year ago. Revenue was USD 669.72 million compared to USD 557.56 million a year ago. Net income was USD 8.15 million compared to net loss of USD 3.58 million a year ago. Net income was USD 8.15 million compared to net loss of USD 3.58 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to diluted loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to diluted loss per share from continuing operations of USD 0.07 a year ago.
For the nine months, revenue was USD 1,924.37 million compared to USD 1,588.32 million a year ago. Revenue was USD 1,924.37 million compared to USD 1,588.32 million a year ago. Net loss was USD 0.355 million compared to USD 152.1 million a year ago. Net loss was USD 0.355 million compared to USD 152.1 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 3.06 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 3.06 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 3.06 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 3.06 a year ago.
HubSpot, Inc. provides a customer platform that helps businesses grow better. It delivers seamless connection for customer-facing teams with an artificial intelligence (AI)-powered platform that includes engagement hubs, a smart customer relationship management product (CRM), and a connected ecosystem with over 1,700 app marketplace integrations, a community network, and educational content. Its engagement hubs include Marketing Hub, Sales Hub, Service Hub, Operations Hub, content management system Hub and Commerce Hub, that enable companies to attract, engage, and delight customers throughout the customer lifecycle. The Smart CRM is the foundational layer that combines customer data with AI to power the entire customer platform with unified customer profiles and tools to manage and govern team and business processes. It focuses on selling to mid-market business-to-business (B2B) companies. It also offers B2B subscription billing management and configure, price, quote (CPQ) solutions.