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May 7, 2026 8:01 PM

HubSpot Raises Guidance, Here's Why Shares Are Getting Hammered Thursday

HubSpot Inc (NYSE:HUBS) stock is falling on Thursday after the company reported first-quarter financial results after market close and provided a guidance update.

• HubSpot stock is taking a hit today. What’s weighing on HUBS shares?

HubSpot Q1 Financials

HubSpot reported first-quarter sales of $880.995 million, up 23% year-over-year. The sales total beat a Street consensus estimate of $863.290 million according to data from Benzinga Pro.

Subscription revenue was $862.3 million in the quarter, up 23% year-over-year. Professional services revenue was $18.7 million, up 22% year-over-year.

The company reported first-quarter earnings per share of $2.72, beating a Street consensus estimate of $2.47.

HubSpot grew its customers by 16% year-over-year for the first quarter, ending with 299,458.

The average subscription revenue per customer was $11,722 in the first quarter, up 6% year-over-year.

HubSpot bought back $211 million in shares in the first quarter. A current share buyback program has $789 million ...