By Sam Boughedda
Investing.com -- Squarespace Inc (NYSE:SQSP) stock is gaining Monday after the company reported its fourth-quarter earnings, beating earnings per share and revenue expectations.
The American website building and hosting company reported earnings per share of 15 cents on revenue of $207.4 million. Analysts polled by Investing.com predicted earnings per share of 12 cents on revenue of $205.38 million.
The company's revenue rose 20% year-over-year, with commerce revenue rising to $64.2 million, up 45% year-over-year.
In 2021, as a whole, the New York-based company saw unique subscriptions reach 4.1 million, up 12% from the previous year. Full-year revenue was $784 million, up 26% from 2020.
Squarespace sees first quarter 2022 revenue between $203 million to $205 million, representing a potential growth of 13% to 14%. In addition, they expect full-year 2022 revenue to be between $862 million and $878 million.
"2021 was an incredible year for Squarespace that exceeded our guidance, as we delivered record revenue and total unique subscriptions," said Anthony Casalena, Founder and CEO of Squarespace. "Our 2021 results demonstrate the investments we have made are generating strong returns and we will continue to lean into our platform and focus on the growth opportunity ahead of us."
Squarespace shares opened Monday's session lower at $18.76. However, it has regained those losses and more, currently up 4% from Friday's close.