![]() In Q1, I observed a surprisingly strong execution ability from Squarespace in implementing an onboarding strategy to convert users cost-efficiently. Operating margins can increase further as Squarespace leverages more effective and efficient marketing strategies.The introduction of Squarespace Payment will enable the company to unlock higher revenue growth and expand its GMV / Gross Merchandise Volume transaction fee, which currently stands at just 3% for customers on the basic commerce plan.In the near term, I identify two catalysts on the stock: As such, I think that Squarespace merits further exploration as a buying opportunity. Given the recent selloff that has resulted in the 12% decline in shares price since April, I believe the stock is now trading at an attractive price level. Yet, operating and free cash flow / OCF and FCF generations have been consistent and on a slight upward trend in recent times. ![]() Since its IPO in 2021, growth has declined from ~28% to just over +10% today. Overall, Squarespace is a good business with a decent balance between growth and profitability that will continue to benefit from the growing global e-commerce trend. We do not provide recurring coupon prices.Squarespace ( NYSE: SQSP) is a popular all-in-one website building and hosting platform with a user-friendly interface and a wide range of customizable templates that allow individuals, businesses, and creatives to create professional-looking websites. The site price will renew (monthly or annually depending on the coupon) at the new increased price starting May 1, 2022. What if I purchased my site with a coupon? This is on top of Duda’s upcoming releases of client billing, paid membership, enhanced eCommerce capabilities, and much more. Duda has also expanded support availability and education resources, adding complex site building capabilities like the widget builder, collections and dynamic pages. We have improved our infrastructure to excel in site performance metrics, security and up time, enhanced design capabilities with countless additions of fonts, animations, video capabilities, and of course Flex - the editor’s new generation. We have maintained similar sites pricing in the last 7 years, yet as costs are increasing in almost every aspect of the business, we are making this update to continue and deliver the best product to fulfill our customers needs and to continue to evolve and innovate. We continue to invest in making Duda the best web design platform out there. ![]() The change in prices will only affect the underlying site subscription fee. There will be no change to the eCommerce store add-on price. What if I have site credits?Īny site credits you currently have will not be affected. Site subscription prices for Team and Agency users are increasing. ![]() Will my account price change?Īccount prices will remain the same. You may manage your site subscription anytime by visiting your account. ![]() If you are on a monthly renewal, the price increase will appear on your next invoice following June 1, 2022. For example, if your annual renewals take place in January, the price increase will take place on your annual renewal invoice in January, 2023. When is this change taking place?įor new site subscriptions, the new prices plus applicable taxes, will apply starting on May 1, 2022.įor existing site subscriptions, the new prices, plus applicable taxes, will only apply after June 1, 2022, on the date of your site renewal.
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