The Cambridge, Mass., digital marketing vendor reported earnings at $1.68 a share and revenue of $617.4 million, up 40% and 23% respectively from last year's figures.
Negotiations for a potential acquisition by Alphabet are 'progressing,' suggesting a strategic move amidst potential antitrust challenges.
HubSpot's positive earnings are seen as a good sign for the entire digital marketing ecosystem, and the acquisition talks could be Alphabet's way of preparing for possible antitrust outcomes.
With a market value of $30 billion, HubSpot appears to be an attractive acquisition target for Alphabet, offering potential advantages even if the antitrust case is ruled in Alphabet's favor.
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