SimilarWeb Ltd

SimilarWeb Ltd. engages in the provision of digital market intelligence platform. The firm develops measuring and monitoring tools of websites, and offers browser plugins and tools to explore the web and application programming interface. The company was founded by Or Offer, Nir Cohen, and Benjamin Seror in 2007 and is headquartered in Tel Aviv, Israel.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

SimilarWeb achieves $200M ARR, focuses on growth and profitability

SimilarWeb's strong financial performance in Q4 2022, with revenue growth and margin improvement, reflects a positive trajectory towards profitability.
Strategic objectives for 2023 aim to drive growth through customer focus, product adoption, and operational efficiency, positioning the company for sustained success.
Challenges lie in balancing growth and profitability amidst economic conditions, but opportunities in customer expansion and product enhancement offer avenues for continued growth.

SimilarWeb reports solid Q1 earnings, eyes sustained growth through AI

SimilarWeb's Q1 performance reflects strong revenue growth and margin improvement. The company's strategic focus on free cash flow, AI utilization, and revenue growth presents opportunities for sustained success. Challenges include workforce reduction and the need to achieve positive cash flow by Q4.

SimilarWeb reports 13% revenue growth in Q2 2023 earnings call

SimilarWeb's Q2 2023 earnings call highlighted strong revenue growth, profitability focus, and new product features. Despite challenges in customer expansion and budget optimization, the company remains optimistic about sustained free cash flow positivity and future growth opportunities.

SimilarWeb achieves first non-GAAP profit, focuses on sustained growth

SimilarWeb's Q3 performance showed revenue growth, customer base expansion, and improved operating margins. The launch of Similarweb 3.0 and focus on profitability highlight the company's strengths. Challenges include navigating the macro environment and balancing growth with profitability. Opportunities lie in further leveraging Similarweb 3.0 for growth and maintaining financial stability.

SimilarWeb posts strong Q4 results, eyes profitable growth in 2024

SimilarWeb demonstrated robust performance in Q4 2023, with revenue growth, profitability, and positive outlook for 2024.
The company's strengths lie in successful product launches, customer acquisitions, and a diversified client base across key sectors.
Challenges include balancing growth with investments, customer retention, and operational efficiency, while opportunities exist in strategic focus areas and sustained investments for growth.

SimilarWeb reports robust Q1 earnings, eyes growth through strategic acquisitions

SimilarWeb's Q1 2024 performance reflects solid revenue growth, strong cash flow generation, and strategic acquisitions. The company is well-positioned to leverage its enhanced digital advertising data offerings and AI-driven solutions for future growth. With a focus on profitability and positive cash flow, SimilarWeb aims to sustain its growth momentum throughout 2024.

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Similarweb Ltd. (NYSE:SMWB ) Q3 2023 Earnings Call Transcript November 8, 2023 8:30 AM ET Company Participants RJ Jones - VP, IR Or Offer - CEO Jason Schwartz - CFO Conference Call Participants Ryan MacWilliams - Barclays Jason Helfstein - Oppenheimer Brett Knoblauch - Cantor Fitzgerald Patrick Walravens - JMP Tyler Radke - Citi Operator Greetings, and welcome to Similarweb's Third Quarter Fiscal 2023 Earnings Conference Call.

Similarweb Ltd. (SMWB) Q3 2023 Earnings Call Transcript

Similarweb (SMWB) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.18 per share a year ago.

Similarweb (SMWB) Reports Break-Even Earnings for Q3

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its third quarter ended September 30, 2023. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. “We.

Similarweb Announces Third Quarter 2023 Results

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB), a leading digital data and web analytics company, today announced it will release third quarter 2023 financial results for the period ended September 30, 2023, on Tuesday, November 7, 2023, after the close of trading on the New York Stock Exchange. Management will host a conference call and webcast on Wednesday, November 8, 2023, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call c.

Similarweb to Announce Third Quarter 2023 Financial Results on November 7, 2023, After Market Close

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Similarweb is introducing a bundle of two search marketing tools, one focused on organic search engine optimization ranking and the other on fending off competitive threats in in pay per click search, to help its customers execute a more comprehensive and effective search marketing strategy. Similarweb's new Search Tracker module consists of two tools – Rank Tracker and Brand Protection – which together support a holistic strategy across both organi.

Similarweb's New Tools for Search Marketers Track Brand Opportunities and Threats

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Sales Signals, a new feature of Similarweb Sales Intelligence, gives sales teams the visibility they need to capitalize on opportunities before they slip away. Success in sales often comes down to timing. Without timely knowledge of windows of opportunity, sales teams risk missing out on potential deals or losing to competitors, hindering their ability to achieve their aggressive sales growth targets. Sales Signals lets sales teams create their own.

Similarweb Sales Signals Alert Sales Teams to Timely Opportunities

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Today Similarweb (NYSE: SMWB) launched the Similarweb 3.0 generation of its platform for powering business decisions in the digital world. In addition to helping companies keep pace with changes in the digital landscape, Similarweb 3.0 streamlines access to the data and insights on web and app performance that provide the most business value. Whether you're responsible for a small website or the online operations of a global company, Similarweb 3.0.

Similarweb 3.0 Puts Digital Data to Work Unlocking Business Growth

Similarweb (SMWB) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.20 per share a year ago.

Similarweb (SMWB) Reports Q2 Loss, Misses Revenue Estimates

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its second quarter ended June 30, 2023. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. “We deli.

Similarweb Announces Second Quarter 2023 Results

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB), a leading digital data and web analytics company, today announced the beta launch of its SimilarAsk™ AI assistant, allowing customers to unlock valuable insights from Similarweb Digital Data using natural language queries. SimilarAsk is the first digital intelligence assistant of its kind, created by integrating Similarweb's proprietary digital data and its solutions with large language AI models (LLMs). Similarweb powers business.

Similarweb Launches Beta of SimilarAsk™ Leveraging AI

This article reports a slowdown in business operations. It suggests that the market size may not be as large as initially claimed by SMWB. Despite challenges, the business's durability makes it a viable long-term investment.

Similarweb Has A Long Runway Ahead

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB), a leading digital data and web analytics company, today announced it will release first quarter 2023 financial results for the period ended June 30, 2023, on Tuesday, August 8, 2023, after the close of trading on the New York Stock Exchange. Management will host a conference call and webcast on Wednesday, August 9, 2023, at 8:30 a.m. EDT to discuss the Company's business and financial results. A live webcast of the call can be acc.

Similarweb to Announce Second Quarter 2023 Financial Results on August 8, 2023, After Market Close

EMCOR Group

G-III Apparel Group

W.W. Grainger

Meritage Homes

SEI Investments

The second half of 2023 is expected to offer new record highs on Wall Street, according to bullish strategist Tom Lee of Fundstrat, as quoted on Yahoo Finance.

Beyond AI, 6 Factors That Wall Street Could Gain From in 2H

The mean of analysts' price targets for Similarweb (SMWB) points to a 50.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does Similarweb (SMWB) Have the Potential to Rally 50.22% as Wall Street Analysts Expect?

Similarweb is a leading digital intelligence platform with comprehensive data assets, positioning it well to benefit from the growing need for alternative data sources in the digital landscape. SMWB is focusing on growth and investing in sales force and product development, with profitability expected to be achieved in 2025. I have an end-of-year price target of $8.2 on the stock.

Similarweb: Seizing The Opportunity In The Growing Digital Intelligence Market

The mean of analysts' price targets for Similarweb (SMWB) points to a 72.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 72.45% Upside in Similarweb (SMWB): Here's What You Should Know

Similarweb Ltd. (NYSE:SMWB ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Raymond Jones - Vice President, Investor Relations Or Offer - Chief Executive Officer Jason Schwartz - Chief Financial Officer Conference Call Participants Arjun Bhatia - William Blair Ryan MacWilliams - Barclays Bank Steve Hromin - Oppenheimer John Byun - Jefferies Noah Herman - JPMorgan Brett Knoblauch - Cantor Fitzgerald Patrick Walravens - JMP Securities Tyler Radke - Citi Operator Greetings and welcome to the Similarweb First Quarter Fiscal 2023 Earnings Call.

Similarweb Ltd. (SMWB) Q1 2023 Earnings Call Transcript

Similarweb (SMWB) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.26 per share a year ago.

Similarweb (SMWB) Reports Q1 Loss

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its first quarter ended March 31, 2023. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: https://ir.similarweb.com/financials/quarterly-results, located on the Company's investor relations website. “We cont.

Similarweb Announces First Quarter 2023 Results

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB), a leading digital intelligence company, today announced it will release first quarter 2023 financial results for the period ended March 31, 2023, on Tuesday, May 9, 2023, after the close of trading on the New York Stock Exchange. Management will host a conference call and webcast on Wednesday, May 10, 2023, at 8:30 a.m. EST to discuss the Company's business and financial results. A live webcast of the call can be accessed from Sim.

Similarweb to Announce First Quarter 2023 Financial Results on May 9, 2023, After Market Close

TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb (NYSE: SMWB), a leading digital intelligence company, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (SEC). The 2022 annual report can be accessed by visiting either the SEC's website at www.sec.gov or the company's investor relations website at https://ir.similarweb.com.

Similarweb Files 2022 Annual Report on Form 20-F

Similarweb is a data analytics provider which offers market, marketing, sales and even alternative investor data. The company reported strong financial results for the fourth quarter as it beat both revenue and earnings estimates.

Similarweb: Undervalued With A $44 Billion Big Data TAM

NEW YORK--(BUSINESS WIRE)--Five digital marketing innovators won recognition in the Similarweb Digital Marketing Awards announced today. This competitive awards program recognizes success at using wide-ranging digital marketing techniques to successfully drive traffic and achieve significant business impact, as judged by both Similarweb Digital Data and the review of our panel of digital marketing experts. All performance measures included below are Similarweb estimates.

Similarweb Digital Marketing Awards 2023 Feature Stories of Ingenuity and Execution

The mean of analysts' price targets for Similarweb (SMWB) points to a 63.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Similarweb (SMWB)? Wall Street Analysts Think 63.62%

Similarweb has plummeted nearly 70% since going public in 2021. The analytics company has solid fundamentals with a large and growing addressable market.

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