HubSpot’s (HUBS) Revenues Up year-on-year in Q2 Earnings – NASDAQ
Hubspot, Inc. HUBS reported revenues of $89.1 million, showcasing a year-over-year increase of 37.1% in second-quarter 2017. The figure surpassed the Zacks Consensus Estimate of $86 million as well as the guided range of $85-$86 million.
The year-over-year growth in revenues can be primarily attributed to the growing customer base. Total customers increased 40% year over year to 34,326. Marketing customers increased 30% to 26,560.
Average subscription revenue per customer was up 6.6% year over year to $12,773. The company continues to witness rapid adoption of its $50 per month marketing starter product, but we believe this will hurt the average subscription revenue per customer in the near term.
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