Squarespace's revenue in Q1 grew 31% versus the prior year. Squarespace derives revenue from monthly and annual subscriptions and non-subscription services. Subscription revenue accounted for 94% of its total revenue in the three months ended March 31, 2021. Revenue is further categorized as either Presence or Commerce depending on the nature of the service provided to the customer. Presence revenue primarily consists of fixed-fee subscriptions to the Company's plans that offer core platform functionalities. Additionally, presence revenue consists of fixed-fee subscriptions to third-party software solutions, fixed-fee subscriptions to social media stories, and domain managed services. Presence revenue of approximately $133 million grew approximately 20% in three months ended March 31, 2021 versus the prior year.