Squarespace Inc. stock SQSP jumped 10% in premarket trade Tuesday, after the website building and e-commerce site . The New York-based company had a net loss of $234.0 million, or $1.72 a share, for the quarter to Dec. 31, wider than the loss of $16.3 million, or 12 cents a share, posted in the year-earlier period. The loss was due to a non-cash goodwill impairment charge of $255.2 million that was most due to market value deteriorating following its acquisition of Tock in March of 2021. Revenue rose 10% to $228.8 million. The FactSet consensus was for EPS of 25 cents and revenue of $222.0 million. Total bookings grew 15% to $232.1 million in the quarter from $201.6 million a year ago. Squarespace is now expecting first-quarter revenue of $232 million to $234 million, and full fiscal 2023 revenue of $955 million to $970 million. The FactSet consensus is for first-quarter revenue of $227.6 million and full-year revenue of $948.2 million. The stock has gained 0.6% in the 12 months through Monday’s close, while the S&P 500 SPX has fallen 5.4%.
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