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 global leader in digital intelligence, providing a comprehensive view of the digital world to help businesses grow and become more competitive. The company offers a suite of analytics tools that analyze billions of digital interactions across millions of websites and apps daily. These tools enable users to compare website traffic, gain insights into market trends, and develop effective traffic acquisition strategies.
Similarweb's platform is trusted by businesses, marketers, publishers, and analysts to benchmark their performance against competitors. The company's data is frequently cited in leading publications such as Bloomberg Businessweek, TechCrunch, and Adweek. By transforming vast amounts of data into actionable insights, Similarweb helps its clients discover new opportunities and optimize their digital presence.
The company's primary revenue stream comes from SaaS subscriptions, with customers paying for access to its cloud-based digital intelligence solutions. Geographically, the majority of Similarweb's revenue is derived from the United States, with significant contributions from Israel, the United Kingdom, Europe, Asia-Pacific, and other regions.
Recently, Similarweb has entered a collaboration with Dstillery, an AI ad targeting company. This partnership enhances Dstillery's AI capabilities by incorporating Similarweb's extensive dataset into its data stack. The collaboration aims to improve predictive capabilities while respecting privacy concerns, marking a significant milestone in the evolving digital privacy landscape.
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.
Similarweb (NYSE:SMWB) has released a report titled 'Shaping the Market 2024: The Brands Defining Retail Trends', highlighting global digital brand trends amid economic uncertainty. The report identifies four key areas:
1. Athleisure: New Balance and Alo Yoga capitalizing on changing consumer wardrobes.
2. K-Beauty: Korean beauty products gaining global traction, with Anua and Mediheal as examples.
3. Quiet Luxury: COS and Loro Piana appealing to understated elegance.
4. Pet Care: Petlibro and PetLab Co succeeding with premium pet solutions.
The report provides detailed digital metrics and success analyses for each brand. It aims to help companies leverage consumer insights for business growth, emphasizing the importance of digital market intelligence in identifying emerging trends and understanding consumer behavior.
Similarweb and HypeAuditor have released their 2024-2025 Marketing Benchmark Report, analyzing digital engagement across banking, food & drink, insurance, air travel, and news & media industries. The report examines the top 500 websites per industry, categorized as 'giants', 'challengers', and 'up & comers'.
Key findings include:
- The importance of benchmarking against competitors in the evolving digital landscape
- The impact of Google's core updates and AI-generated content on digital strategies
- The need for genuine expertise and brand credibility beyond keyword optimization
- The significance of influencer marketing, with banking influencers achieving 4-5 times higher engagement rates than brand accounts
The report aims to help businesses adapt to changing digital marketing trends and optimize their strategies in the face of AI and algorithm changes.
Similarweb (NYSE: SMWB) has appointed Lisa Campbell and Barak Eilam to its Board of Directors, following overwhelming shareholder approval. This move strengthens the company's leadership as it aims to become the world's leading digital data company. Campbell, former CMO of OneTrust and Autodesk, brings over 20 years of experience in business strategy and marketing. Eilam, current CEO of NICE , contributes extensive expertise in executive management and business development.
These appointments, along with the recent addition of Kipp Bodnar (CMO of HubSpot), reflect Similarweb's commitment to investing in top-tier leadership. CEO Or Offer expressed confidence that their insights and guidance will contribute to the company's ongoing success and innovation in providing digital intelligence solutions.
Similarweb (NYSE: SMWB), a leading digital market intelligence company, has appointed Kipp Bodnar to its Board of Directors, effective September 5, 2024. Bodnar, currently the Chief Marketing Officer at HubSpot (NYSE: HUBS), brings extensive experience in scaling SaaS businesses and driving growth.
Bodnar's expertise aligns with Similarweb's mission to provide unparalleled digital insights. His role at HubSpot, where he sets global marketing strategy and has contributed to exponential growth, is expected to be valuable as Similarweb expands its market leadership and enhances customer value.
This appointment comes as Similarweb continues to expand its offerings, global reach, and accelerate revenue growth and profitability. Bodnar's experience in building successful marketing strategies is anticipated to strengthen Similarweb's strategic direction.
Similarweb (NYSE: SMWB) reported strong Q2 2024 results, marking its third consecutive quarter of accelerating revenue growth and fourth consecutive quarter of non-GAAP operating profit. Key highlights include:
- Revenue increased 13% year-over-year to $60.6 million
- Customer base grew 17% to over 5,000, including first eight-figure ARR customer
- Non-GAAP operating profit of $5.3 million (9% of revenue)
- Free cash flow of $6.3 million
The company raised its 2024 guidance, projecting continued revenue growth acceleration in H2 2024. Q3 2024 revenue is estimated between $62.5-63.0 million, with full-year 2024 revenue expected between $246.0-248.0 million.
You.com, an AI-powered productivity engine, has announced a strategic collaboration with Similarweb (NYSE: SMWB), a leading Digital Data provider. Under this partnership, Similarweb employees will use You.com's AI Assistants to enhance productivity in sales and marketing, while You.com will utilize Similarweb for market analysis and research.
This collaboration aims to combine Similarweb's valuable data with You.com's AI Assistants, enabling efficient research and insights for marketing and sales teams. You.com offers access to advanced LLMs with live web access, proprietary AI assistants, and the ability to create customized AI assistants. The partnership is expected to make Similarweb's digital insights more widely available and enhance productivity for knowledge workers in research, content creation, and problem-solving.
Similarweb (NYSE: SMWB), a leading digital data and web analytics company, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, after the New York Stock Exchange closes. The company will host a conference call to discuss these results on Wednesday, August 7, 2024, at 8:30 a.m. EST.
Investors and interested parties can access the live webcast of the call from Similarweb's Investor Relations website. An archived version of the webcast will also be available after the call. For those preferring to join via telephone, toll-free and international numbers have been provided.
Similarweb (NYSE: SMWB) announced the acquisition of 42matters, an app intelligence provider based in Zurich, Switzerland. This acquisition aims to enhance Similarweb's capabilities in the app analytics market, projected to reach $15.7 billion by 2028 with a 20.2% CAGR.
42matters’ solutions cover app store data, app engagement data, and mobile SDK data, enhancing Similarweb’s app intelligence offerings. This will give app owners comprehensive insights into app performance, user engagement, and technology stack comparisons.
The acquisition expands Similarweb's Data-as-a-Service catalog, leveraging 42matters' data on 12 app store platforms, 2.1 million publishers, 2,600+ SDKs, and over 20 million apps. Financial terms weren't disclosed.
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