At this moment in time, numerous website publishing platforms, operating in countries throughout the world are facing some difficulties when it comes down to obtaining good profits, yet recent reports indicate that Squarespace managed to double its profit from 2015.
For those who do not know, Squarespace represents an Irish, all in one website, meant to provide a great website publishing platform to millions of people. Therefore, it allows just about anyone to create web pages, blogs, online stores, galleries and other types of websites, without needing to deal with code at all, which is great news. Additionally, Squarespace also provides hosting, domain names, e-commerce, content management, social integration, and last but not least, 24 hours support.
Its pre-tax profits have managed to increase to roughly $193,559, whereas the actual revenues managed to increase from 2.8 million euros to 6.27 million euros, which is absolutely great news from the company. Not only this, but the number of people employed by the company was also raised from 50 in 2015, to a total of 106 now. Staff costs also increased considerably, yet analysts predict in that in the near future, the website publishing platform will manage to attain even higher profits, and further expand its business operations, in case things continue to go ahead smoothly.
It is thought that this quick increase in profit was also thanks to the ad the company aired during the Superbowl.
Based on everything that has been outlined so far, what do you think about Squarespace doubling its pre-tax profits? Let us know your thoughts in the comment section below.