Similarweb Ltd - SMWB STOCK NEWS

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.

Similarweb, a digital data and web analytics company, will announce its first quarter 2024 financial results on May 7, 2024, after market close. The company will host a conference call on May 8, 2024, to discuss the results.

Similarweb (NYSE: SMWB) files its annual report on Form 20-F for the fiscal year 2023 with the SEC, providing access to shareholders for detailed financial information.

Similarweb (SMWB) acquires Admetricks, a leader in ad intelligence software, to enhance its Advertising Intelligence capabilities. Admetricks' solutions will bolster Similarweb's offerings in display advertising, aiding customers in refining media budgets and expanding reach. The acquisition aligns with Similarweb's mission of providing comprehensive data and optimization tools for digital marketing. Admetricks' integration with Similarweb is seamless, enabling a global expansion of services.

Similarweb Ltd. (NYSE: SMWB) reported positive free cash flow for the first time since IPO, with a Non-GAAP operating profit margin of 8% in Q4 2023. The company achieved 13% annual revenue growth and increased total revenue to $56.8 million, with a GAAP net loss per share of $(0.04). The number of customers grew to 4,712, with an ARR of $100,000 or more contributing 57% of total ARR. Similarweb provided Q1 2024 revenue guidance of $58.5-59.0 million and FY 2024 revenue guidance of $242.0-246.0 million.

Similarweb's Apps 100 ranking showcases top mobile apps with over 1,000% growth in engagement between 2022 and 2023. The ranking highlights apps with the most growth in average monthly active users (MAU) in the US, emphasizing user engagement over downloads.