Squarespace Statistics of 2024
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Squarespace Statistics
Squarespace is a popular website building platform that has seen significant growth in recent years. As of 2024, the company boasts impressive statistics that showcase its market presence and financial performance. Here are some key facts about Squarespace:
Squarespace has over 4.91 million unique subscriptions, an increase of 708,000 since December 2022.
The company generated $1.01 billion in revenue in 2023, with a current annual revenue run rate of $1.12 billion.
Squarespace's operating expenses reached $721.09 million in 2023, and the company employs 1,749 full and part-time employees worldwide.
The United States accounts for 71.51% of Squarespace's revenue, generating $201.04 million in Q1 2024.
Squarespace is used by 3-4% of all websites that use a CMS and is the 4th most widely used CMS.
The company was founded in 2003 and went live in April 2004, with 478 websites created that year.
Squarespace's official website received nearly 120 million views in the past three months (June, July, and August 2023).
The company is valued at over $10 billion.
Squarespace's Growth
Squarespace has experienced steady growth since its inception, with the number of unique subscriptions increasing from 2.34 million in 2018 to 4.91 million in Q1 2024. The company's annual revenue run rate has also grown significantly, from $941.86 million in March 2023 to $1.12 billion as of March 2024.
Squarespace's Market Share
Squarespace is the second most popular website builder worldwide and the most popular in the United States. The platform is used by 3-4% of all websites that use a CMS and is the 4th most widely used CMS. However, it still lags behind competitors like WordPress, which received about 550 million visitors in the past three months, and Shopify, which received 240 million visitors during the same period.
Conclusion
Squarespace's impressive statistics demonstrate its strong market presence and financial performance. With over 4.91 million unique subscriptions, $1.12 billion in annual revenue run rate, and a valuation of over $10 billion, the company continues to grow and innovate in the website building industry. However, it still faces competition from larger players like WordPress and Shopify.
