Squarespace Inc.
- SquareSpace jumped 13% to $43.15, and the e-commerce platform operator agreed to go private in an all-cash deal valued at $6.9 billion.
The company's board agreed to a $44-a-share cash offer, and the company's chief executive, Anthony Casalena, will continue to lead the company and the board.
May 13, 2024 - Squarespace, Inc said fourth quarter revenue increased 10% to $228.8 million from $207.4 million a year ago.
Net loss in the quarter increased to $234.0 million from $16.3 million, including non-cash goodwill impairment charges of $225.2 million related to acquisition of Tock in March 2021. Net loss in the quarter was $8.8 million excluding goodwill charge. Diluted earnings per share rose to $1.72 from 12 cents a year ago.
In the full-year 2022, revenue increased 11% to $867.0 million from $784.0 million and net loss increased to $252.2 million from $249.1 million and diluted loss per share fell to $1.82 from $2.60 a year ago.
Unique subscriptions increased 3% to over 4.2 million in 2022 and average revenue per unique subscription increased 3% to $209.16 from $202.54 in 2021.
Mar 7, 2023
| Year | Q1 | Q2 | Q3 | Q4 | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.00 | 0.03 | -0.12 | - | - | |
| 2022 | -0.67 | 0.45 | 0.07 | -1.67 | -1.82 | |
| 2021 | -0.11 | -3.22 | 0.02 | 0.71 | -2.6 | |
| 2020 | - | - | - | - | -14.1 | |
| 2019 | - | - | - | - | -14.91 |