Outlook & Guidance: For the third quarter of fiscal year 2023, Squarespace currently expects:
- Revenue of $250 million to $253 million, or year-over-year growth of 15% to 16% vs. consensus of $245.65M.
- Non-GAAP unlevered free cash flow of $47 million to $51 million. This is the result of:
- Cash flow from operating activities of $43 million to $47 million, minus
- Capital expenditures, expected to be approximately $2 million; plus
- Cash paid for interest expense net of associated tax benefit, expected to be approximately $6 million.
For the full fiscal year 2023, Squarespace currently expects:
- Revenue of $987 million to $995 million, or year-over-year growth of 14% to 15% vs. consensus of $980.62M.
- Non-GAAP unlevered free cash flow of $217 million to $225 million. This is the result of:
- Cash flow from operating activities of $205 million to $211 million, minus
- Capital expenditures, expected in the range of $10 million to $12 million; plus
- Cash paid for interest expense net of associated tax benefit, expected in the range of $24 million to $25 million.
