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) has expanded its Shopper Intelligence platform to include insights on sales and market performance for Walmart, Target, Best Buy, and Chewy, in addition to Amazon. This enhancement, launched in July 2023, provides comprehensive data on approximately 78% of all sales volume from the top ten U.S. online retailers. The initiative aims to address the visibility issues faced by consumer brands in monitoring competitive performance. The company asserts that they are on track to becoming the standard for digital retail insights.
Similarweb Ltd. (NYSE: SMWB), a digital intelligence leader, announced its leadership team will present at key investor conferences. The events include the 5th Annual Virtual Wells Fargo TMT Summit on
Similarweb Ltd. (NYSE: SMWB) reported a 46% year-over-year revenue growth in Q3 2021, totaling $35.6 million. The company now exceeds $150 million in ARR, with a 122% net retention rate for customers with ARR of $100K or more. Customer count grew by 48%, bringing the total to 245 high-value clients. Despite a GAAP operating loss of $(16.7) million, the firm raised its full-year revenue guidance for 2021. Total revenue outlook for Q4 is $37.5 million to $37.9 million, driven by increasing demand for its digital intelligence solutions.
Similarweb (NYSE: SMWB) has announced the acquisition of Embee Mobile, a leading provider of mobile insights based in San Francisco. This acquisition aims to enhance Similarweb's mobile app intelligence by leveraging Embee’s extensive metered panel data, allowing for deeper insights into mobile app behaviors and customer journeys. Similarweb anticipates that this integration will provide a comprehensive view of consumer behavior across platforms, further solidifying its position as a digital measurement leader. Financial terms of the acquisition remain undisclosed.
Similarweb (NYSE: SMWB) has announced the opening of two new offices in Munich, Germany, and Kyiv, Ukraine. This expansion highlights the company's growth in Europe, especially following its IPO in May. The Munich office will focus on commercial, marketing, and technical roles, while the Kyiv office is projected to become a key R&D center, growing from 50 to over 150 professionals in two years. Similarweb aims to enhance its digital intelligence solutions and accelerate global expansion.
Similarweb Ltd. (NYSE: SMWB) is set to release its third quarter 2021 financial results for the period ended September 30, 2021, on November 10, 2021. The results will be discussed during a conference call and webcast scheduled for 8:30 a.m. EST. Investors can access the live event through the company's Investor Relations website. An archived version of the call will also be available thereafter. Similarweb is recognized for providing insights into online behavior, assisting users in making informed decisions.
Similarweb (NYSE: SMWB) has appointed Tzipi Ozer-Armon to its board of directors, effective immediately. CEO Or Offer expressed excitement about her extensive experience in the tech industry, emphasizing her leadership skills which are expected to aid in the company's growth. Ozer-Armon has a distinguished background, including her role as CEO of Lumenis, where she led significant growth and an IPO. She brings vast expertise in digital intelligence, crucial for Similarweb's mission to enhance online business strategies.
Similarweb (NYSE: SMWB) has been chosen by Google to power its new service, Market Finder, aimed at assisting small- and medium-sized businesses (SMBs) in international expansion. Market Finder utilizes digital signals to provide an automated score and tailored recommendations for export opportunities. This collaboration highlights Similarweb's reputation for delivering accurate digital data. The service evaluates SMBs’ readiness through key metrics, including traffic analysis and competitive positioning, facilitating data-driven market entry strategies.
Similarweb Ltd. (NYSE: SMWB), a leader in digital intelligence, has announced that its management team will present at two significant investor conferences. The Citi Global Technology Virtual Conference is scheduled for September 13, 2021, at 7:10 am ET, followed by the Jefferies Virtual Software Conference on September 14, 2021, at 9:30 am ET. Both presentations will be streamed live via Similarweb's investor relations website, with replays available post-event. This opportunity highlights the company's ongoing commitment to sharing insights and updates with investors.
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