Site builder files S-1.
One month after raising $300 million from investors, website building software company Squarespace has filed its S-1 with the SEC to allow investors to sell their shares on the market.
Here’s a look at Squarespace’s business by the numbers.
- 3.7 million unique subscriptions at the end of 2020, up from 3.0 million at end of 2019. This includes standalone sites, standalone scheduling subscriptions, and social service subscriptions.
- $621 million annual revenue in 2020, up from $485 million in 2019. 28% revenue growth.
- $150 million cashflow from operations in 2020, up from $102 million.
Net income $58 million, up from $31 million.Net income was $31M in 2020, down from $58M in 2019
- $142 million commerce revenue, up 78% YoY.
- 12 month ARPU of $187.
Squarespace is an easier-to-use alternative to WordPress. It competes with Wix, Weebly, and GoDaddy’s site builder.
Very good for my domain
Squarespace makes websites for those not technical savvy; think of WIX. (ticker: WIX)
Thanks for the info Samer,never knew that.i thought they make spaces in square shapes for physical social distance for the China virus.
Squarespace has Prime ad spaces on NY Knicks’ Jersey.
They also make great commercials 🙂 i really like this one; in fact appreciate it : )