Earnings release
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Un SQUARESPACE NEW YORK , November 8 , 2021 Squarespace , Inc. ( NYSE : SQSP ) , the all - in - one website ding 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 third quarter ended September 30 , 2021 . Squarespace Announces Third Quarter 2021 Financial Results " Squarespace had another outstanding quarter as we continued to achieve strong revenue growth and introduce new solutions that give our millions of customers around the world the competitive advantages they need to succeed , " said Anthony Casalena , Founder & CEO of Squarespace . " We launched Everything to Sell Anything , our new brand vision that aims to disrupt the traditional ecommerce model by offering new and dynamic ways to sell any type of product or service in parallel . " " We achieved $ 210 million trailing twelve - month Commerce revenue at the end of the third quarter , " said Marcela Martin , CFO of Squarespace . " Commerce represents an increasingly important part of our business , contributing to our robust financial profile . " ● Third Quarter 2021 Financial Highlights O Total Revenue in the quarter was $ 201.0 million , up 24 % year - over - year Commerce Revenue in the quarter was $ 59.8 million , up 55 % year - over - year Total annual run rate revenue ( ARRR ) increased to $ 788.6 million , up 21 % year - over - year Unique Subscriptions reached 4.0 million in the quarter , up 13.5 % year - over - year , while average revenue per unique subscription ( ARPUS ) grew to $ 198 , up 5.7 % year - over - year ● Net income in the quarter was $ 2.8 million vs. net income of $ 17.9 million a year ago ● Adjusted EBITDA in the quarter was $ 38.4 million , down from $ 40.6 million a year ago Cash flow from operating activities was $ 49.3 million , up from $ 44.9 million a year ago O Non - GAAP unlevered free cash flow was $ 47.3 million , up from $ 45.2 million a year ago driven primarily by higher revenue partially offset by a decline in net working capital At September 30 , 2021 , cash and cash equivalents were $ 200.2 million , investments in marketable securities was $ 31.9 million , total debt was $ 529.8 million