Squarespace rises after Q1 revenue beat

Squarespace

09/05/2023 13:23

** Shares of website building services provider Squarespace
Inc  SQSP.N  up 3.95% at $28.5 premarket 
    ** Co reports Q1 rev of $237 mln, beating Wall Street
estimates of $233.06 mln, according to Refinitiv
    ** Posts breakeven at EPS of $0.00 in Q1, compared with loss
of $0.67 per share a year earlier
    ** Sees 2023 rev between $969 mln and $981 mln, above
analysts' estimates of $964.72 mln - Refinitiv
    ** SQSP shares up 24.76% YTD

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))