Why Squarespace Stock Was Up Today
Shares of website-creation company Squarespace (NYSE: SQSP) were up on Tuesday after the company's financial performance in the fourth quarter of 2022 far surpassed expectations. As of 3 p.m. ET, Squarespace stock was up 15% -- very notable, considering the S&P 500 was down about 1.5%. In Q4, Squarespace generated revenue of $229 million, which was up 10% year over year and ahead of the high end of management's Q4 guidance of $224 million.