Welcome to our dedicated page for Similarweb news (Ticker: SMWB), a resource for investors and traders seeking the latest updates and insights on Similarweb stock.
Similarweb Ltd. reports company developments tied to its digital data, web analytics, app analytics and market intelligence business. News commonly covers financial results, annual reporting, subscription trends, product launches and the use of Similarweb datasets in AI, competitive intelligence, ecommerce analysis and alternative data workflows.
Recurring updates include new analytics products such as AI Studio and Retail Intelligence, data-distribution relationships for investment research platforms, and governance changes involving the board and finance leadership. Company releases also describe how Similarweb's web, app, shopper behavior and digital performance data are packaged for enterprises, brands, retailers and financial-market users.
Similarweb has released its annual Digital 100 ranking, highlighting the top 10 fastest-growing digital domains across various business categories for 2022. Notable winners include mobilpromotions.com (Automotive, +248.4%), laurageller.com (Beauty, +164%), and synchrony.com (Financial Services, +3,388%). The ranking reflects shifts in consumer behavior, with an emphasis on budget-conscious choices amid rising inflation. Collectively, these sites attracted nearly 50 million visits monthly, showcasing their effective strategies in responding to changing market dynamics.
Similarweb Ltd. (NYSE: SMWB) reported a 41% year-over-year revenue growth in Q3 2022, reaching $50.0 million. Non-GAAP operating margins improved by over 12 percentage points. The number of customers increased by 21% year-over-year, totaling 3,911, with a 15% rise in average revenue per customer. However, the company announced a 10% reduction in headcount due to economic shifts and adjusted its revenue outlook for the year. Full-year 2022 revenue is projected between $192.4 million and $192.8 million, reflecting 40% growth.
Similarweb Ltd. (NYSE: SMWB) will announce its third quarter 2022 financial results on November 15, 2022, after market close. A conference call and webcast will occur on November 16, 2022, at 8:30 a.m. EST to discuss the results. Investors can access the live call via telephone or through Similarweb's Investor Relations website. Similarweb is known for providing digital intelligence insights to help individuals and businesses make informed decisions in the digital landscape.
Similarweb (NYSE: SMWB) has announced a strategic collaboration with EDO, Inc. to create a comprehensive solution for Convergent TV measurement. This partnership will allow EDO to receive real-time internet activity data from Similarweb to enhance their understanding of consumer behavior related to linear and streaming TV ads. The joint initiative aims to deliver actionable insights for advertisers and improve performance in an evolving digital landscape, prioritizing customer privacy amidst changing regulations.
AliExpress, part of Alibaba Group (NYSE: BABA), is enhancing its global market presence, particularly in Europe, with the support of Similarweb (NYSE: SMWB). Utilizing Similarweb’s platform, AliExpress can identify new referral traffic sources and optimize affiliate partnerships across more than 190 countries, where it offers over 100 million products. Notably, AliExpress's visibility in Europe has grown by 20% year-over-year. With Similarweb’s competitive insights, AliExpress aims to refine its marketing strategies and boost market share.
Similarweb Ltd. (NYSE: SMWB) reported a strong second quarter for 2022, achieving revenue growth of 46% year-over-year, totaling $47.6 million. The company's dollar-based net retention rate for customers with ARR of $100K+ rose to 127%. Remaining performance obligations grew 53% to $160.5 million. Despite this growth, GAAP operating loss was $(26.5) million, up from $(14.9) million in Q2 2021. For Q3 2022, Similarweb anticipates revenue of $48.8 million to $49.2 million, reflecting 38% growth year-over-year.
Similarweb Ltd. (NYSE: SMWB) will release its second quarter 2022 financial results on August 9, 2022, after market close. The results will cover the period ending on June 30, 2022. A conference call will take place on August 10, 2022, at 8:30 a.m. EST to discuss these results. Investors can access the live webcast through Similarweb's Investor Relations website.
Similarweb provides digital intelligence services, assisting users in understanding online behavior and making informed business decisions.
Similarweb (NYSE: SMWB) has launched a new App Intelligence module that integrates mobile app data from its partnership with data.ai. This unification allows companies to access detailed insights across the digital landscape, combining mobile, desktop, and app data into one interface. The move comes as global consumer spending on mobile apps reached $170 billion in 2021, highlighting the significance of mobile data in the digital ecosystem.
The CEO emphasized the necessity of digital intelligence as companies invest in digital channels.
Similarweb (NYSE: SMWB) will host its annual virtual event, Digital Edge 2022, aimed at digital marketers and decision-makers. Attendees can register for free to participate and gain insights from industry leaders, including speakers from Google and eToro. The event will cover strategies for digital growth, ROI improvement, and actionable marketing insights. Similarweb aims to provide valuable networking opportunities and real-world case studies. To learn more and register, visit the Similarweb Digital Edge registration page.
Similarweb (NYSE: SMWB) has announced its acquisition of Rank Ranger, a leader in SEO and rank tracking. This strategic move enhances Similarweb's offerings by integrating Rank Ranger's rank tracking with its existing keyword analysis capabilities, providing a more comprehensive SEO suite for enterprises. The acquisition allows users to monitor keywords' ranking and the traffic they generate, significantly improving search marketing efficiency. Financial terms of the deal were not disclosed.