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Similarweb(SMWB) - 2024 Q2 - Quarterly Report
2024-08-06 20:08
Exhibit 99.1 SIMILARWEB ANNOUNCES SECOND QUARTER 2024 RESULTS Revenue growth accelerated for the third consecutive quarter Fourth consecutive quarter of non-GAAP operating profit Raising guidance for 2024 revenue and non-GAAP operating profit TEL AVIV, ISRAEL -- Aug 6, 2024 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its second quarter ended June 30, 2024. The Company ...
Onebeat Expands Executive Leadership Team with the Appointment of Sevonne Eliyahu as Chief Revenue Officer
Prnewswire· 2024-08-01 13:00
Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb [NYSE: SMWB] and LivePerson [NASDAQ: LPSN]. As the recent president of Gravyty, she played a pivotal role in integrating AI and innovative technology to enhance community engagement and fundraising efforts for educational institutions and nonprofits. Eliyahu currently serves as a Growth Partner at AnD Ventures, a firm specializing in taking seed-stage start-ups to market. She also promotes the ...
Strength Seen in Similarweb (SMWB): Can Its 8.0% Jump Turn into More Strength?
ZACKS· 2024-07-16 16:30
Similarweb is benefiting from an expanding customer base and acquisitions like Admetricks, enhancing its digital ad intelligence offerings and overall market position. For Similarweb, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SMWB going forward to see if this recent jump can turn into more strength down the road. For ...
Similarweb(SMWB) - 2024 Q1 - Earnings Call Presentation
2024-05-12 10:11
NOTES REGARDING THIS PRESENTATION | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------|---------------------|--------|-------|------------------------------------------------|-----------------------|------------------------------------------------------------------------------|-------|--------------|-------------------------------------------------|----------------|-------| | | | | | | Introducing | by helping them: | Similarw ...
Similarweb(SMWB) - 2024 Q1 - Earnings Call Transcript
2024-05-12 10:08
Start Time: 08:30 January 1, 0000 9:02 AM ET Similarweb Ltd. (NYSE:SMWB) Q1 2024 Earnings Conference Call May 08, 2024, 08:30 AM ET Company Participants Or Offer - Co-Founder and CEO Jason Schwartz - CFO Rami Myerson - VP, IR Conference Call Participants Arjun Bhatia - William Blair Pete Newton - Barclays Tommy Shinke - Cantor Fitzgerald Tyler Radke - Citi Aaron Kimson - Citizens Operator Good day, ladies and gentlemen, and welcome to Similarweb Quarter 1 Fiscal 2024 Earnings Call. All lines have been place ...
Similarweb(SMWB) - 2024 Q1 - Quarterly Report
2024-05-07 20:10
Sustained momentum in both top line and bottom line performance Delivering consecutive quarters of positive free cash flow and non-GAAP operating profit TEL AVIV, ISRAEL -- May 7, 2024 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its first quarter ended March 31, 2024. The Company published a letter to shareholders from management discussing these results, which can be ...
Similarweb(SMWB) - 2023 Q4 - Annual Report
2024-02-28 14:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...
Similarweb(SMWB) - 2023 Q4 - Earnings Call Transcript
2024-02-14 16:01
Financial Data and Key Metrics Changes - Revenue for Q4 2023 was $56.8 million, representing an 11% increase year-over-year [48] - Non-GAAP gross margin reached 81% in Q4, with a record non-GAAP operating margin of 8%, improving by 29 percentage points compared to the previous year [4] - The company generated $3.5 million in positive free cash flow in Q4, achieving a 6% free cash flow margin [5] - 42% of annual recurring revenue (ARR) is contracted under multiyear commitments, with remaining performance obligations reaching a record $195 million [3] Business Line Data and Key Metrics Changes - The company closed 10 seven-digit contracts in Q4, indicating strong performance in strategic accounts [2] - The global customer base grew by 16% year-over-year to over 4,700 customers, with an average annual spend of around $50,000 per customer [48] - Net revenue retention (NRR) for customers with $100,000 ARR was 107%, down from 120% in Q4 of the previous year [57] Market Data and Key Metrics Changes - The company experienced a strong influx of new customers, adding 341 accounts quarter-over-quarter, the highest since going public [16] - The top of the sales funnel remained robust, with approximately 13 million visitors to the company's tools in Q4, expecting 120 million visits in 2023 [48] Company Strategy and Development Direction - The company aims to build on its performance by focusing on execution in four areas: expanding strategic accounts, increasing net retention, enhancing product offerings, and maintaining operational efficiency [1][6] - There is a strong emphasis on leveraging generative AI to provide competitive advantages for large businesses, indicating a strategic pivot towards data-driven insights [6][55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about navigating the current macro environment and the potential for growth driven by generative AI adoption [6] - The company anticipates achieving profitable growth and positive free cash flow in all four quarters of 2024, with a revenue forecast of $242 million to $246 million for the year [58][70] Other Important Information - The company achieved its first positive free cash flow quarter since its IPO, reflecting disciplined execution and operational improvements [50] - The launch of Similarweb 3.0 has positively impacted customer acquisition and retention, with a focus on entry-level pricing and low acquisition costs [49][55] Q&A Session Summary Question: Can you provide insights on linearity in Q4 and into Q1? - Management noted that larger deals closed in Q4 contributed to linearity, with positive momentum expected to continue [59] Question: What drove the addition of 341 accounts this quarter? - The increase was attributed to the success of Similarweb 3.0 and improved pricing and packaging strategies [16][68] Question: How do you see the demand patterns across different customer segments? - Management indicated that enterprise demand has strengthened, while SMBs are stabilizing, reflecting overall positive trends [18][26] Question: What is the outlook for net revenue retention and churn levels? - Management observed a decline in churn levels and expects further stabilization in NRR as customer engagement improves [62][65] Question: How will multiyear contracts impact future growth? - Multiyear contracts are seen as a positive indicator of customer loyalty and long-term engagement, with expectations for continued growth [88]
Similarweb(SMWB) - 2023 Q4 - Earnings Call Presentation
2024-02-14 13:31
Sales Intelligence ● Lead Generator ● Deal Sourcing Tool ● Salesforce Connector RETAIL ● zalando Our market potential INVESTOR PRESENTATION Q4 2022 INVESTOR PRESENTATION Q4 2023 Note: We define ARR as the annualized subscription revenue we would contractually expect to receive from customers assuming no increases or reductions in their subscriptions. 2021 2022 ● Launch of our premium offering MVP focusing on desktop web insights ● Expanding to more countries ● Launch of our free offering 2013-2015 2016-2018 ...
Similarweb(SMWB) - 2023 Q4 - Annual Report
2024-02-13 21:21
Exhibit 99.1 SIMILARWEB ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS Delivers positive free cash for the first time since IPO Non-GAAP operating profit margin of 8% TEL AVIV, ISRAEL -- February 13, 2024 -- Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its fourth quarter ended December 31, 2023. The Company published a letter to shareholders from management discuss ...