HubSpot Inc

HUBS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$948.00	Hscpf	Ftghygqww

HubSpot Earnings: Compelling Value Proposition Helps Drive Another Good Performance

Dan Romanoff

Aug 3, 2023

Similar to the last couple of quarters, narrow-moat HubSpot reported good results with meaningful upside to revenue and profitability relative to the high end of guidance. It raised its 2023 outlook on the top and bottom lines, and third-quarter guidance was better than we anticipated. We think the reason for the negative stock reaction in after-hours trading reflects the more rapid slowdown in billings growth relative to revenue growth, coupled with a step down in customer additions during the quarter.

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