10:18 AM EDT, 08/02/2024 (MT Newswires) -- (Updates to include additional detail in the fifth paragraph.)

Squarespace ( SQSP ) reported Q2 earnings Friday of $0.04 per diluted share, up from $0.03 a year earlier.

Analysts polled by Capital IQ expected $0.09.

Revenue for the quarter ended June 30 was $296.8 million compared with $247.5 million a year earlier.

Analysts surveyed by Capital IQ expected $293.1 million.

The company said that in light of its pending deal to be taken private by Permira, it is not issuing guidance for Q3 and is suspending its outlook for 2024.

Price: 44.04, Change: -0.04, Percent Change: -0.08