Guidance with strong Q1 — Squarespace tops

Website and domain firm notes robust growth and ups guidance for the full year.

Squarespace (NYSE: SQSP) noted Q1 earnings ahead of the markets opened this morning.

The firm noted 19% year-over-year revenue growth with $281.1 million in Q1. It had previously guided to $274 million to $277 million.

Q1 organic growth, which excludes its Google Domains buyout and partnership, as well as the net impacts of price increases and currency fluctuations, was 13%.

Presence revenue, which includes websites and domains, was up 22%, and Commerce revenue was up 11%.

The firm closed Q1 with 4.9 million unique subscriptions, up 15% year over year. It credits strength in fresh domain subscriptions for much of this growth. The number does not include domain subscriptions that were part of the Google buyout, although Google refers many fresh clients to Squarespace through the buyout agreement.

Following a consistent drop in fresh domain registrations post-Google buyout, the firm seems to have turned the tide in January.

Squarespace increased its full-year guidance and now expects revenue of $1.193 billion to $1.208 billion, which would represent 18% to 19% growth. It previously guided to $1.170 billion to $1.190 billion.

Shares are up regarding 2% in trading today as of 11:45 am EDT.