Similarweb Ltd Stock Price, News & Analysis

Similarweb (NYSE: SMWB), a prominent digital data and web analytics firm, announced the release of its fourth quarter 2024 financial results for the period ending December 31, 2024. The results will be disclosed on Tuesday, February 11, 2025, after the New York Stock Exchange closes.

Management will hold a conference call on Wednesday, February 12, 2025, at 8:30 a.m. EST to discuss the company's business and financial outcomes. Interested parties can access a live webcast of the call via Similarweb's Investor Relations website at https://ir.similarweb.com.

An archived webcast will be available on the website after the call. The live call can also be accessed by phone at (877) 407-0726 toll-free or (201) 689-7806 for international callers.

Similarweb (NYSE: SMWB) announced its third quarter 2024 financial results, showing 18% YoY revenue growth to $64.7 million, marking the fourth consecutive quarter of accelerating revenue growth. The company achieved a 21% YoY increase in its customer base to over 5,300 annual customers. GAAP operating loss improved to $(2.5) million, and GAAP net loss per share was $(0.03). Non-GAAP operating profit rose to $4.4 million, or $0.05 per share.

Free cash flow was positive for the fourth consecutive quarter at $8.7 million. The company reported a 27% YoY increase in remaining performance obligations to $212.5 million.

For Q4 2024, Similarweb projects revenue between $64.7 million and $65.7 million and a non-GAAP operating profit between $1.5 million and $2.5 million. For FY 2024, the revenue outlook is set between $249.0 million and $250.0 million, with a non-GAAP operating profit between $14.0 million and $15.0 million.

Similarweb (NYSE: SMWB), a leading digital data and web analytics company, has scheduled its third quarter 2024 financial results announcement for November 12, 2024, after NYSE market close. The company will host a conference call on November 13, 2024, at 8:30 a.m. EST to discuss business and financial results. Investors can access the live webcast through Similarweb's Investor Relations website, with an archived version available afterward. The call will also be accessible via telephone at (877) 407-0726 (toll-free) and (201) 689-7806 (international).

Similarweb has been recognized as a leader in the Modern Marketing Data Stack 2025 report by Snowflake, the AI Data Cloud company. The report highlights technologies used by Snowflake customers to leverage the AI Data Cloud for marketing and advertising purposes. Similarweb was recognized in the Enrichment & Hygiene category for its ability to enrich data sets with digital market data.

The report analyzes usage patterns from approximately 9,800 Snowflake customers as of April 2024, identifying 10 technology categories important for building marketing data stacks. It emphasizes three core factors: AI, data gravity, and privacy, which are reshaping the marketing landscape.

Similarweb's recognition as a leader in the Enrichment category underscores its importance in adding digital market intelligence to analyses. The company's participation in Snowflake's ecosystem aligns with its Data-as-a-Service strategy, enabling joint customers to integrate Similarweb data with other sources on Snowflake's AI Data Cloud.

Similarweb (NYSE:SMWB) has been named the Alternative Data Provider of the Year at the Hedgeweek US Awards 2024 in New York. This recognition highlights the value of Similarweb's data and platform for investors using non-financial measures to anticipate market trends and evaluate private and pre-IPO companies. Similarweb previously won this award from Hedgeweek US in 2021 and Hedgeweek Europe in 2022.

Alyssa Lewis, Global Head of the Investors Vertical at Similarweb, emphasized the importance of their digital alternative data for the investor community. Similarweb Stock Intelligence serves leading investors with an interactive platform, API, and feed delivery. The Hedgeweek award winners were chosen through a voting process involving over 29,354 votes, with 42% from managers, 23% from allocators, and 35% from service providers.

Similarweb (NYSE: SMWB), a digital market intelligence company, announced that underwriters fully exercised their option to purchase an additional 525,000 ordinary shares at $7.85 per share in connection with a previously announced public offering. This resulted in gross proceeds of approximately $4,121,250 to the selling shareholder. Similarweb did not receive any proceeds from the sale.

The offering was made pursuant to a registration statement filed with the SEC. Goldman Sachs & Co. and Barclays acted as book-running managers, while Citizens JMP, William Blair, and Needham & Company served as co-managers for the offering.

Similarweb (NYSE: SMWB), a leading digital market intelligence company, has announced the closing of a previously announced secondary offering by a selling shareholder. The offering consisted of 3,500,000 ordinary shares at a public offering price of $7.85 per share, resulting in total gross proceeds of $27,475,000. The selling shareholder has granted the underwriters a 30-day option to purchase up to an additional 525,000 ordinary shares at the public offering price. Similarweb did not receive any proceeds from the sale. Goldman Sachs & Co. and Barclays acted as book-running managers, with Citizens JMP, William Blair, and Needham & Company as co-managers for the offering.

Similarweb (NYSE: SMWB), a leading digital market intelligence company, has announced the pricing of a secondary offering by a selling shareholder. The offering consists of 3,500,000 ordinary shares priced at $7.85 per share, aiming to raise $27,475,000 in gross proceeds. The selling shareholder has granted underwriters a 30-day option to purchase up to an additional 525,000 shares. Similarweb will not receive any proceeds from the sale. The offering is expected to close around September 16, 2024. Goldman Sachs & Co. and Barclays are acting as book-running managers, with Citizens JMP, William Blair, and Needham & Company as co-managers.

Similarweb (NYSE: SMWB), a leading digital market intelligence company, has announced the launch of a secondary offering by a selling shareholder. The offering consists of 3,500,000 ordinary shares, with an option for underwriters to purchase an additional 525,000 shares. Similarweb will not receive any proceeds from the sale. Goldman Sachs & Co. and Barclays are acting as book-running managers, with Citizens JMP, William Blair, and Needham & Company as co-managers. The offering is being made pursuant to a registration statement filed with the SEC on May 10, 2024, which became effective on May 31, 2024.