HubSpot (NYSE:HUBS) released third-quarter results that outperformed the average analyst estimate.
The company reported adjusted earnings per share (EPS) of $1.59, crushing the expected $1.23. Revenue reached $557.6 million, marking a 26% year-over-year increase and surpassing the estimated $533.9 million.
HUBS stock rose 6% on the news.
The subscription revenue amounted to $545.8 million, reflecting a 25% YoY growth and exceeding the estimated $523.3 million. Additionally, professional services and other revenue reached $11.7 million, demonstrating a 31% YoY increase and surpassing the consensus of $10.4 million.
For the upcoming fourth quarter, HubSpot anticipates total revenue to fall within the range of $556 million to $558 million. Additionally, adjusted EPS is projected to be in the range of $1.53 to $1.55. Analysts were looking for sales of $560 million and adjusted EPS of $1.50.
For the full fiscal year, HubSpot expects total revenue to be in the range of $2.144 billion to $2.146 billion, while adjusted EPS is forecasted to be in the range of $5.66 to $5.68. Analysts were looking for revenue of $2.12 billion and $5.28 in FY EPS.