HubSpot ticks all the right AI boxes, but Wall Street still throws a hissy fit

HubSpot became the latest victim of Wall Street short-termism yesterday when it turned in solid growth numbers, complete with the requisite ticks in all the right AI boxes, but saw its stock plummet as investor greed exceeded sales forecasts for the coming months.

Revenue for for Q3 rose 21% year-on-year to $809.5 million, while net income of $16.5 million was more than double the $8.1 million in the year-ago period. Subscription revenue rose 21%, to $791.7 million.

The firm also trotted out some strong AI adoption stats with CEO Yamini Rangan saying:

.Customers who use our embedded AI features in Marketing Hub get better results, higher click-through rates and over 50% higher lead conversion. Similarly, customers who use AI features in Sales Hub are winning almost 10% more deals. Our agents are also gaining strong adoption. Customer agent now has over 6,200 customers, up 48 ...