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 Ltd. (NYSE: SMWB) is set to release its fourth quarter and fiscal year 2022 financial results on February 14, 2023, following the market close. A conference call will be conducted on February 15, 2023, at 8:30 a.m. EST to discuss these results. The call will be available via webcast on the company’s Investor Relations website and can also be accessed by telephone. Similarweb is recognized for providing insights into online behavior, aiding various users in making informed decisions across the digital landscape.
Similarweb has released its annual Digital 100 ranking, highlighting the top 10 fastest-growing digital domains across various business categories for 2022. Notable winners include mobilpromotions.com (Automotive, +248.4%), laurageller.com (Beauty, +164%), and synchrony.com (Financial Services, +3,388%). The ranking reflects shifts in consumer behavior, with an emphasis on budget-conscious choices amid rising inflation. Collectively, these sites attracted nearly 50 million visits monthly, showcasing their effective strategies in responding to changing market dynamics.
Similarweb Ltd. (NYSE: SMWB) reported a 41% year-over-year revenue growth in Q3 2022, reaching $50.0 million. Non-GAAP operating margins improved by over 12 percentage points. The number of customers increased by 21% year-over-year, totaling 3,911, with a 15% rise in average revenue per customer. However, the company announced a 10% reduction in headcount due to economic shifts and adjusted its revenue outlook for the year. Full-year 2022 revenue is projected between $192.4 million and $192.8 million, reflecting 40% growth.
Similarweb Ltd. (NYSE: SMWB) will announce its third quarter 2022 financial results on November 15, 2022, after market close. A conference call and webcast will occur on November 16, 2022, at 8:30 a.m. EST to discuss the results. Investors can access the live call via telephone or through Similarweb's Investor Relations website. Similarweb is known for providing digital intelligence insights to help individuals and businesses make informed decisions in the digital landscape.
Similarweb (NYSE: SMWB) has announced a strategic collaboration with EDO, Inc. to create a comprehensive solution for Convergent TV measurement. This partnership will allow EDO to receive real-time internet activity data from Similarweb to enhance their understanding of consumer behavior related to linear and streaming TV ads. The joint initiative aims to deliver actionable insights for advertisers and improve performance in an evolving digital landscape, prioritizing customer privacy amidst changing regulations.
AliExpress, part of Alibaba Group (NYSE: BABA), is enhancing its global market presence, particularly in Europe, with the support of Similarweb (NYSE: SMWB). Utilizing Similarweb’s platform, AliExpress can identify new referral traffic sources and optimize affiliate partnerships across more than 190 countries, where it offers over 100 million products. Notably, AliExpress's visibility in Europe has grown by 20% year-over-year. With Similarweb’s competitive insights, AliExpress aims to refine its marketing strategies and boost market share.
Similarweb Ltd. (NYSE: SMWB) reported a strong second quarter for 2022, achieving revenue growth of 46% year-over-year, totaling $47.6 million. The company's dollar-based net retention rate for customers with ARR of $100K+ rose to 127%. Remaining performance obligations grew 53% to $160.5 million. Despite this growth, GAAP operating loss was $(26.5) million, up from $(14.9) million in Q2 2021. For Q3 2022, Similarweb anticipates revenue of $48.8 million to $49.2 million, reflecting 38% growth year-over-year.
Similarweb Ltd. (NYSE: SMWB) will release its second quarter 2022 financial results on August 9, 2022, after market close. The results will cover the period ending on June 30, 2022. A conference call will take place on August 10, 2022, at 8:30 a.m. EST to discuss these results. Investors can access the live webcast through Similarweb's Investor Relations website.
Similarweb provides digital intelligence services, assisting users in understanding online behavior and making informed business decisions.
Similarweb (NYSE: SMWB) has launched a new App Intelligence module that integrates mobile app data from its partnership with data.ai. This unification allows companies to access detailed insights across the digital landscape, combining mobile, desktop, and app data into one interface. The move comes as global consumer spending on mobile apps reached $170 billion in 2021, highlighting the significance of mobile data in the digital ecosystem.
The CEO emphasized the necessity of digital intelligence as companies invest in digital channels.
Similarweb (NYSE: SMWB) will host its annual virtual event, Digital Edge 2022, aimed at digital marketers and decision-makers. Attendees can register for free to participate and gain insights from industry leaders, including speakers from Google and eToro. The event will cover strategies for digital growth, ROI improvement, and actionable marketing insights. Similarweb aims to provide valuable networking opportunities and real-world case studies. To learn more and register, visit the Similarweb Digital Edge registration page.
FAQ
What is the current stock price of Similarweb (SMWB)?
What is the market cap of Similarweb (SMWB)?
What does Similarweb Ltd. do?
How does Similarweb generate revenue?
Where does Similarweb derive most of its revenue?
Who uses Similarweb's services?
What are some publications that cite Similarweb’s data?
What recent collaboration has Similarweb entered into?
What are the benefits of Similarweb’s platform?
What technology does Similarweb use?
What are Similarweb's main products?
How does Similarweb ensure data privacy?
