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 (NYSE: SMWB) is a leading digital intelligence platform providing actionable insights into web traffic patterns and competitive strategies. This dedicated news hub offers investors and professionals centralized access to official company updates, financial disclosures, and market developments.
Track SMWB's latest press releases including earnings reports, product innovations, strategic partnerships, and leadership announcements. Our curated collection ensures timely access to information critical for understanding the company's position in the web analytics sector and broader SaaS industry.
Key updates cover financial performance metrics, technology advancements in data science, global expansion initiatives, and client success stories. All content is sourced directly from verified corporate communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of SMWB's corporate trajectory. Combine these official updates with market analysis tools to make informed decisions about this innovative provider of digital competitive intelligence solutions.
Similarweb Ltd. (SMWB) reported a 28% year-over-year revenue growth in Q4 2022, reaching $51.3 million. The annual recurring revenue surpassed $200 million. Despite challenges, the number of customers rose by 16% to 4,049, with an average revenue per customer of $51,600. The company aims for sustained positive cash flow by Q4 2023, with projected FY 2023 revenue between $221 million and $222 million. Operating losses are expected to be between $(30 million) and $(31 million). Cash and equivalents stood at $77.8 million as of year-end 2022.
Similarweb Ltd. (NYSE: SMWB) is set to release its fourth quarter and fiscal year 2022 financial results on February 14, 2023, following the market close. A conference call will be conducted on February 15, 2023, at 8:30 a.m. EST to discuss these results. The call will be available via webcast on the company’s Investor Relations website and can also be accessed by telephone. Similarweb is recognized for providing insights into online behavior, aiding various users in making informed decisions across the digital landscape.
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.
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