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1. Strong Subscription Revenue: Subscription revenue, which makes up the majority of HubSpot’s income, grew by 20% year-over-year to $623.8 million1.
2. Customer Base Expansion: The company increased its customer base by 23%, reaching 228,054 customers as of June 30, 20242.
3. New AI-Powered Features: The introduction of AI tools like HubSpot AI and AI Agents has enhanced their platform’s capabilities, attracting more customers and increasing usage3.
4. Professional Services Growth: Revenue from professional services and other sources also saw an 18% increase, contributing $13.5 million to the total revenue4.
5. Operational Efficiency: Improved operational efficiency led to a higher non-GAAP operating margin of 17.2%, up from 14.5% in the same quarter last year5.
These factors combined to drive significant revenue growth and position HubSpot for continued success.
Is there anything specific you’d like to explore further about HubSpot’s performance or their new AI features?
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