Published on 8 Aug 2022 on Zacks via Yahoo Finance

HubSpot (HUBS) Surpasses Q2 Earnings and Revenue Estimates

HubSpot, Inc HUBS reported relatively healthy second-quarter 2022 results, with both the bottom line and the top line surpassing the respective Zacks Consensus Estimate, driven by  strong product innovation and a deep understanding of its customers’ requirements. The company’s strategic priority is to deliver a world-class front-office platform by investing in anchor hubs and innovating new emerging hubs. The company continues to expand its app ecosystem, with its integration catalog growing nearly 40% year over year. HubSpot also remains focused on becoming a leading CRM platform provider in the near future.  The solid quarterly performance was reflected in share price appreciation post earnings release.

Quarter Details

GAAP net loss in the quarter was $56.4 million or a loss of $1.18 per share compared with a net loss of $24.6 million or a loss of 53 cents per share in the prior-year quarter.