HubSpot Q1 $38M Beats Estimates, Average Customer Pays $9.7K Annually
Yesterday CRM and “inbound marketing” platform HubSpot released Q1 2015 Revenue. The company beat analyst consensus estimates with $38.2 million in total revenue, which was almost $3 million more than expected. It was an increase of 58 percent vs. the year ago quarter. Of that $38 million, approximately $35 million was subscription revenue. The remainder was “professional […]
Yesterday CRM and “inbound marketing” platform HubSpot released Q1 2015 Revenue. The company beat analyst consensus estimates with $38.2 million in total revenue, which was almost $3 million more than expected. It was an increase of 58 percent vs. the year ago quarter.
Of that $38 million, approximately $35 million was subscription revenue. The remainder was “professional services” and “other.” The company showed a smaller net loss of $5.7 million compared to $8.3 million in 2014. HubSpot has $129.4 million in cash and cash equivalents.
The company also reported 14.7 thousand total customers (up 35 percent). Average revenue per customer increased 15 percent to $9,740 annually.
HubSpot said on the earnings call that it’s now the 445th most visited website in the US and the 637th most visited site globally according to Alexa.
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