By Connor Hart
HubSpot issued guidance that missed analyst expectations, sending its shares lower in after-hours trading, despite a better-than-expected fourth quarter.
The Cambridge, Mass., company, which manages cloud-based customer relationships, forecast adjusted per-share earnings of $9.11 to $9.19 on revenue of $2.99 billion to $3 billion for 2025. Analysts surveyed by FactSet modeled adjusted earnings of $9.13 a share and revenue of $3 billion.
In the current quarter, HubSpot guided for adjusted per-share earnings of $1.74 to $1.76, missing the $2 that analysts were looking for. It forecast revenue of $697 million to $699 million, below the $704.9 million that analysts modeled.
Shares fall 2.6%, to $765, in post-market trading.
For its three months ended Dec. 31, HubSpot posted a profit of $4.9 million, or 10 cents a share, compared with a loss of $12.4 million, or 25 cents a share, a year earlier.
Adjusted per-share earnings came in at $2.32, beating the $2.19 that analysts surveyed by FactSet expected.
Revenue increased 21%, to $703.2 million, ahead of the $673.3 million that analysts were looking for, according to FactSet.
Chief Executive Yamini Rangan said that 2024 was a transformative year for HubSpot, during which time it reimagined its product, platform and company with artificial intelligence.
"Heading into 2025, we're focused on cementing our position as the leading AI-first customer platform for scaling companies," she said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 12, 2025 16:49 ET (21:49 GMT)
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