Similarweb(SMWB) - 2023 Q1 - Quarterly Report

Exhibit 99.1 SIMILARWEB ANNOUNCES FIRST QUARTER 2023 RESULTS First quarter 2023 revenue grew 19% year-over-year to $52.8 million • Cash and cash equivalents totaled$75.3 million as of March 31, 2023, compared to $77.8 million as of December 31, 2022. • Net cash provided by operating activities was$0.3 million, compared to $0.9 million for the first quarter of 2022. • Free cash flow was$(1.2) million, compared to $(4.3) million for the first quarter of 2022. • Normalized free cash flow was$(0.6) million, ...