Semrush Hldgs Inc Stock Price, News & Analysis

Looka Inc. has announced a partnership with Semrush (NYSE: SEMR) to enhance its service offerings through the new Partner Marketplace program. This collaboration aims to provide Looka users with exclusive discounts on SEO tools and services, further increasing online visibility for small businesses and entrepreneurs. Looka's Brand Kit subscribers will benefit from a 14-day PRO trial of Semrush, granting access to over 50 tools in SEO and digital marketing. Since its inception, Looka has onboarded over 11 million users, showcasing its commitment to empowering small brands.

Semrush Holdings, Inc. (NYSE: SEMR) reported second quarter 2022 revenue of $62.6 million, a 39% increase year over year. The company added 9,000 new customers, totaling over 91,000 paying customers, marking an 18% growth from the previous year. Despite a net loss of $8.3 million, the annual recurring revenue (ARR) rose to $255 million, up 35%. Looking ahead, Semrush forecasts Q3 revenue between $63.8 million and $64.2 million, representing 30% growth year over year.

Semrush Holdings, Inc. (NYSE: SEMR) is set to release its financial results for Q2 2022 on August 10, 2022, after U.S. market close. A conference call will follow on August 11, 2022, at 8:30 a.m. ET, hosted by CEO Oleg Shchegolev, CFO Evgeny Fetisov, and President Eugene Levin. Semrush, headquartered in Boston, is a leading SaaS platform for online visibility management, serving over 87,000 paying customers globally.

Semrush (NYSE: SEMR) has appointed Eugene Levin as President and Vitalii Obishchenko as Chief Operating Officer, effective immediately. Levin, who has been with Semrush since 2016, will shape the company's strategic direction, while Obishchenko, with the firm since 2011, will manage daily operations. Oleg Shchegolev continues as CEO and a Director. This leadership change aims to strengthen Semrush's growth strategy and enhance operational efficiency, reflecting the company’s commitment to its expansion and innovative initiatives.

Semrush (NYSE: SEMR) has launched new tools aimed at helping small and medium businesses (SMBs) enhance their online visibility. The beta version of the Content Outline Builder assists users in generating high-performing blog content efficiently. Additionally, the Listing Management tool has expanded to 22 new markets, enabling SMBs to manage their local search presence more effectively. A survey revealed that nearly half of SMBs prioritize brand awareness and website traffic, but many operate on limited budgets, with 64% spending under $1,000 monthly on content marketing.

Semrush Holdings, Inc. (NYSE: SEMR) reported a strong start to 2022 with first quarter revenue of $57.1 million, a 43% year-over-year increase. The company added over 5,000 customers, totaling more than 87,000 paying customers, reflecting a 19% rise from the previous year. Annual Recurring Revenue (ARR) reached $236 million, up 41% year-over-year. However, Semrush reported a net loss of $2.6 million compared to a net income of $1.5 million in the same quarter last year. The outlook for Q2 2022 projects revenue between $59.5 million and $60.5 million.

Semrush Holdings, Inc. (NYSE: SEMR) will report its Q1 2022 financial results on May 10, 2022, after U.S. market close. A conference call is scheduled for May 11, 2022, at 8:30 a.m. ET, hosted by CEO Oleg Shchegolev and CFO Evgeny Fetisov. Semrush provides a comprehensive online visibility management platform, catering to over 82,000 paying customers worldwide. The live webcast of the earnings call will be available on their investor relations site.

Semrush Holdings, Inc. (NYSE: SEMR) reported strong financial results for Q4 and full-year 2021. Q4 revenue reached $53.7 million, a 47% increase year over year, while total revenue for 2021 was $188 million, up over 50% year over year. The company added nearly 15,000 paid customers, bringing the total over 82,000. However, there was a net loss of $3.9 million in Q4. Looking forward, Semrush expects Q1 2022 revenue between $55.8 million and $56.2 million, an increase of 40%.