CRM firm HubSpot expects $1.73 bn revenue in 2022

HubSpot, the customer relationship management (CRM) platform, said it is expecting revenue of $381-$383 million in first quarter and $1.72-$1.73 billion in 2022.
HubSpot CEO Yamini RanganHubSpot reported revenue of $369.3 million (+47 percent) in Q4 and $1.30 billion (+47 percent) in 2021.

HubSpot grew customers to 135,442 at December 31, 2021, up 30 percent from December 31, 2020.

HubSpot said Average Subscription Revenue Per Customer was $10,875 during the fourth quarter of 2021, up 11 percent compared to the fourth quarter of 2020.

Yamini Rangan, Chief Executive Officer at HubSpot, said: “We went into 2021 with the goal of becoming the #1 CRM platform for scaling companies, and we made significant progress by staying focused on our key strategic priorities. 2022 will be a year of sustained focus and consistency as we continue to invest in those priorities.”

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