HubSpot Reports Surprise First-Quarter Earnings and Revenue Beat, but Outlook for HubSpot Stock Remains Mixed

HubSpot Stock Surges as Earnings Beat Expectations, Guidance Varies

HubSpot (HUBS) recently announced its first-quarter earnings and revenue, both of which surpassed analyst expectations. The company’s outlook for HubSpot stock, however, was mixed, with profits exceeding expectations but revenue falling short.

Heading into the earnings announcement, HubSpot stock had risen 6% in 2024 and had increased by 38% over the past year. For the current quarter ending in June, HubSpot provided guidance of earnings per share of $1.63 at the midpoint and revenue of $618 million. Analysts, on the other hand, had estimated adjusted earnings per share of $1.57 on revenue of $623 million.

Based in Cambridge, Massachusetts, HubSpot released its earnings report for the March quarter after the market closed on Wednesday. On an adjusted basis, HubSpot reported earnings of $1.68 per share, marking a 40% increase from the previous year. Additionally, the company saw a 23% increase in revenue, reaching $617.4 million.

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