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.
Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.
Related stories
New on MarTech