Tops $1 billion in 2023 — Squarespace revenue

Firm notes robust growth in 2023 and states its Google Domains buyout is performing well.

Picture of stock chart with the words "earnings note"

Squarespace (NYSE: SQSP) noted Q4 and full-year 2023 earnings today.

For Q4, the firm grossed $270.7 million, up 18% from $228.8 million in the same quarter of 2022.

For the year, the firm grossed $1.012 billion, up 17% from $867.0 million in 2022.

Price increases accounted for 27% of the annual growth.

Unique subscriptions increased 10% to end the year at 4.6 million, not counting domain-only clients purchased through the Google Domains buyout. Average revenue per unique subscription increased 8% year over year, again not counting Google Domains-only clients.

Squarespace stated renewals from Google Domains clients surpassed expectations. And while the firm didn’t break out the impact Google Domains (which it purchased in September) had on its 2023 numbers, the firm told Reglike that it accounted for regarding half of the bookings growth in the quarter (bookings grew regarding $54 million).

The firm states it expects the Google Domains buyout to add $85 million to $88 million to the top line in 2024.

Also on the wire