Similarweb Ltd Stock Price, News & Analysis

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.

Similarweb Ltd. (NYSE: SMWB) reported a 51% revenue growth in Q1 2022, totaling $44.3 million, compared to $29.4 million in Q1 2021. The company had a GAAP operating loss of $(26.2) million and a net loss per share of $(0.34). Customer growth reached 3,664, marking a 27% increase year-over-year. Remaining performance obligations rose 68%, reaching $159.1 million. The company has raised its full-year revenue forecast to between $196.0 million and $197.0 million, reflecting continued investments for growth.

Similarweb Ltd. (NYSE: SMWB) is set to announce its Q1 2022 financial results on May 10, 2022, after market close. A conference call will follow on May 11, 2022, at 8:30 a.m. EST to discuss the results. Investors can access the live webcast from the company's Investor Relations website and dial in via phone. This upcoming disclosure indicates the company's commitment to transparency and investor engagement in its digital intelligence services.