Semrush Hldgs Inc - SEMR STOCK NEWS

Semrush has appointed Andrew Warden as the new Chief Marketing Officer, tasked with leading a global marketing team of over 150. His role will focus on enhancing the Semrush brand and customer retention strategies. Warden's previous experience includes a successful tenure at UnitedLex, where he transformed marketing operations. Semrush, which went public in March 2021, aims to expand its product offerings beyond SEO to encompass comprehensive digital marketing tools.

Semrush Holdings, Inc. (NYSE: SEMR) reported strong Q2 2021 results, with total revenue reaching $45 million, a 58% year-over-year increase and a 13% sequential rise. The company saw a 29% growth in paid users, contributing to a total annual recurring revenue (ARR) of $188 million, up 57% year-over-year. Despite a net loss of $279,000, this is an improvement from a loss of $2.1 million a year ago. The firm is optimistic about Q3, projecting revenue between $47.3 million and $47.7 million, reflecting a 47-48% year-over-year growth outlook.

Semrush Holdings, Inc. (NYSE: SEMR) will release its Q2 2021 financial results on August 9, 2021, after market close. A conference call will follow on August 10, 2021, at 8:30 a.m. ET, hosted by CEO Oleg Shchegolev and CFO Evgeny Fetisov. Investors are encouraged to join the call at least ten minutes early, with dial-in numbers provided for both toll-free and international participants. Semrush, a prominent SaaS platform for online visibility management, services over 72,000 paying customers, including 24% of Fortune 500 companies, and has numerous global offices.

Semrush Holdings announced an extension of its early lock-up expiration date for its IPO of Class A common stock. The extension affects 33% of securities, which will now be eligible for sale one business day after the release of Q2 2021 earnings. An estimated 42.4 million shares may come into public trading, subject to SEC regulations. Semrush is a prominent SaaS platform focused on online visibility management, serving over 72,000 customers globally.

Semrush, a key player in online visibility management, has announced a significant update to its Backlinks Database and Analytics tool. The revamped database now boasts over 43 trillion backlinks and introduces a faster data collection method, reducing the time to identify new links to just 19 minutes. This positions Semrush as the leader in backlink discovery, outperforming competitors based on a test of 33,000 URLs. Users can access the enhanced features through a limited-time free account offer.

Semrush has launched the Keyword Wizard, a new tool within the Sellzone toolkit aimed at Amazon sellers. This tool, designed to enhance SEO, enables users to find relevant search terms, analyze their search volumes, and access a database of over 200 million keywords. The Keyword Wizard aids sellers in improving their product listings by identifying high-volume search terms and low-competition keywords. With this launch, Sellzone aims to provide comprehensive support for Amazon seller growth through keyword research, traffic insights, and listing optimization tools.

Semrush (NYSE: SEMR) has launched a new App Center, enhancing its digital marketing ecosystem. This platform integrates Semrush-developed tools like Agency Growth Kit and Semrush.Trends with offerings from third-party vendors, such as Video Rank Tracker and E-commerce Keywords Analytics. Users gain access to hand-picked apps, benefiting from single sign-on features and exclusive pricing. Semrush aims to support developer partners while providing valuable tools to elevate user digital marketing strategies. The company serves over 72,000 paying customers globally.

Semrush Holdings, Inc. (NYSE: SEMR) reported strong first quarter 2021 results, with total revenue of $40 million, marking a 44% year-over-year increase. The company achieved annual recurring revenue (ARR) of $168 million, up 53%, and net income of $1.5 million, recovering from a loss a year prior. Notable business highlights include the launch of the App Center and the Core Web Vitals report. Looking ahead, Semrush anticipates second quarter revenue between $42.2 million and $42.7 million, reflecting a projected 49% growth year-over-year.