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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Squarespace stock surges on Q4 revenue beat, upbeat Q1 outlook

Yahoo Finance

Yahoo Finance Live’s Julie Hyman breaks down the surge in stock for Squarespace.

Video Transcript

[MUSIC PLAYING]

JULIE HYMAN: Let's take a look at shares of Squarespace. Moving to the upside after topping revenue estimates, growing 10% year-over-year. Its unlevered free cash flow saw a 217% increase. The shares are up about 8 and 1/2%.

The web-hosting service did see net loss expand-- or actually, posted a net loss versus profit a year earlier because of a noncash goodwill impairment charge of about $225 million. A bright spot in the first quarter revenue outlook, as it came in above analysts' expectations.