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.
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.
Similarweb (NYSE: SMWB) has announced its acquisition of Rank Ranger, a leader in SEO and rank tracking. This strategic move enhances Similarweb's offerings by integrating Rank Ranger's rank tracking with its existing keyword analysis capabilities, providing a more comprehensive SEO suite for enterprises. The acquisition allows users to monitor keywords' ranking and the traffic they generate, significantly improving search marketing efficiency. Financial terms of the deal were not disclosed.
Similarweb Ltd. (NYSE: SMWB) reported a 51% revenue growth in Q1 2022, totaling $44.3 million, compared to $29.4 million in Q1 2021. The company had a GAAP operating loss of $(26.2) million and a net loss per share of $(0.34). Customer growth reached 3,664, marking a 27% increase year-over-year. Remaining performance obligations rose 68%, reaching $159.1 million. The company has raised its full-year revenue forecast to between $196.0 million and $197.0 million, reflecting continued investments for growth.
Similarweb Ltd. (NYSE: SMWB) is set to announce its Q1 2022 financial results on May 10, 2022, after market close. A conference call will follow on May 11, 2022, at 8:30 a.m. EST to discuss the results. Investors can access the live webcast from the company's Investor Relations website and dial in via phone. This upcoming disclosure indicates the company's commitment to transparency and investor engagement in its digital intelligence services.
Similarweb (NYSE: SMWB) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. Securities and Exchange Commission. Shareholders can access the report through the SEC's website or the company’s investor relations site. Additionally, hard copies of the complete audited financial statements are available to shareholders upon request. Similarweb is recognized for providing digital intelligence insights that empower users to understand online behavior and make informed business decisions.
FAQ
What is the current stock price of Similarweb Ltd. (SMWB)?
What is the market cap of Similarweb Ltd. (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?
