Welcome to our dedicated page for Similarweb Ltd. news (Ticker: SMWB), a resource for investors and traders seeking the latest updates and insights on Similarweb Ltd. 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 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.
Dstillery, a leader in AI ad targeting, has announced a collaboration with Similarweb to enhance its privacy-safe AI model training. By incorporating Similarweb's dataset into its data stack, Dstillery aims to improve predictive capabilities and gain insights into aggregated internet journeys. This partnership underscores Dstillery's commitment to privacy-by-design solutions and marks a significant milestone in the company's efforts to lead in the digital privacy landscape.
Similarweb, a leading digital data and analytics company, announced its first quarter 2024 results, showcasing sustained growth in revenue and customer base. The company reported a 12% revenue increase, reaching $59.0 million, and achieved non-GAAP operating profit for the third consecutive quarter. Recent highlights include a record $9.7 million in free cash flow and a 16% increase in the number of customers. The acquisition of Admetricks and the introduction of SAM, an AI-powered Sales Assistant Module, underscore Similarweb's commitment to enhancing its data offerings.
Similarweb appointed Rami Myerson as Vice President, Investor Relations, coming from Elbit Systems, with vast experience in finance and investment analysis. The company aims to enhance investor engagement and unlock its full potential.
Similarweb (NYSE: SMWB) announces the open beta release of SAM, an AI-powered sales assistant that integrates digital intelligence into sales workflows. SAM, part of Similarweb's digital innovation, utilizes AI to provide data-driven insights to salespeople, improving customer engagement and sales effectiveness. SAM is designed to enhance consultative selling by suggesting personalized sales messages based on Similarweb's Digital Data, aiming to increase deal closure rates. SAM is implemented as a browser extension, partnering with industry leaders like DHL Express, Bannerflow, and Visualsoft. The SAM beta is now open to all interested individuals.
Similarweb, a global leader in digital intelligence, appoints Susan Dunn as Chief Revenue Officer to drive revenue growth and manage the Go-To-Market Organization. Dunn brings vast experience from NielsenIQ and other renowned companies, showcasing a strong track record of revenue growth and client service.
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