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Hubspot announced its acquisition of B2B intelligence firm Clearbit in November 2023. [17] [18] For 2023, the company reported total revenue of $2.17 billion (up 25% from 2022) Subscription revenue — $2.12 billion (up 26% from 2022), professional services and other revenue of $46.8 million (down 16% from 2022). [19]
HubSpot (HUBS) delivered earnings and revenue surprises of 13.64% and 3.91%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
The company's annual recurring revenue was reported as over $200 million in 2020, over $300 million in 2021, and $400 million in 2022. [16] In 2023, Freshworks set a goal of $1 billion total revenue by 2026. [17] Freshworks disclosed that it acquired Device42, an American IT-management firm, for $230 million in May 2024.
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