Earnings release
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Un SQUARESPACE NEW YORK , August 9 , 2021 - Squarespace , Inc. ( NYSE : SQSP ) , the all - in - one website building and ecommerce platform that enables millions to build a brand and transact with their customers in an impactful and beautiful online presence , today announced results for its second quarter ended June 30 , 2021 . Squarespace Announces Second Quarter 2021 Financial Results " We are incredibly proud of the results in our first quarter as a publicly traded company , " said Squarespace Founder & CEO Anthony Casalena . " The market opportunity for the Squarespace platform remains large and growing , especially as we expand into helping support the many ways our customers around the world transact online . " " We reported record revenue this quarter , driven in large part by the strong growth in our Commerce offering . Our blend of scale , growth , and profitability continues to provide the flexibility to invest in new areas while achieving durable growth . As a result , we are raising our full year guidance across total revenue and unlevered free cash flow , " said Marcela Martin , Squarespace's CFO . ● Second Quarter 2021 Financial Highlights O Total Revenue in the quarter was $ 196.0 million , up 31 % year - over - year Commerce Revenue in the quarter was $ 58.7 million , up 72 % year - over - year Total annual run rate revenue ( ARRR ) increased to $ 777.9 million , up 28 % year - over - year Unique Subscriptions reached 3.9 million in the quarter , up 15 % year - over - year , while average revenue per unique subscription ( ARPUS ) grew to $ 193 , up 6 % year - over - year Net loss in the quarter was $ 234.5 million vs. net income of $ 18.5 million a year ago , primarily due to Direct Listing related expenses , totaling $ 254.6 million • Adjusted EBITDA in the quarter was $ 42.6 million , up from $ 39.5 million a year ago Cash flow from operating activities was $ 8.7 million ( which includes $ 25.3 million in fees related to the Direct Listing ) , down from $ 46.4 million a year ago O Non - GAAP unlevered free cash flow was $ 10.3 million , down from $ 47.3 million a year ago At June 30 , 2021 , cash and cash equivalents were $ 160.1 million , investments in marketable securities was $ 36.6 million , total debt was $ 533.0 million . 1