HubSpot, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 05, 2022 at 05:02 pm
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HubSpot, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 395.6 million compared to USD 281.37 million a year ago. Net loss was USD 9.34 million compared to USD 23.16 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.5 a year ago. Diluted loss per share from continuing operations was USD 0.2 compared to USD 0.5 a year ago.
HubSpot, Inc. provides a customer platform that helps businesses connect and grow. The Company delivers seamless connection for customer-facing teams with a unified platform that includes artificial intelligence (AI)-powered engagement hubs, a smart customer relationship management product (CRM), and a connected ecosystem with over 1,500 app marketplace integrations, a community network, and educational content. Its engagement hubs include Marketing Hub, Sales Hub, Service Hub, Operations Hub, content management system (CMS) Hub and Commerce Hub, that enable companies to attract, engage, and delight customers throughout the customer lifecycle. The Smart CRM is the foundational layer that combines customer data with AI to power the entire customer platform with unified customer profiles and tools to manage and govern team and business processes. It focuses on selling to mid-market business-to-business (B2B) companies. The Company sells its customer platform on a subscription basis.