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 Ltd. (NYSE: SMWB) reported a strong financial performance for Q2 2021, with total revenue of $32.5 million, marking a 49% increase year-over-year. Despite a GAAP operating loss of $(14.9) million and a non-GAAP operating loss of $(10.8) million, customer growth was notable, increasing by 24% to 3,068. The average revenue per customer also rose by 22% to $43,800. Cash and equivalents surged to $177.0 million, boosted by a successful IPO. Looking ahead, the company anticipates Q3 2021 revenue between $32.8 million and $33.2 million.
Similarweb (NYSE: SMWB) has opened a new office in Reston, Virginia, marking its first office launch after its IPO in May. This expansion supports the company’s goal to enhance its presence in the U.S. tech sector and will host its Chief Marketing Officer and a growing team. The move aims to tap into local talent for sales and marketing roles, as Similarweb continues its global growth strategy. With a workforce of nearly 3,000, Similarweb provides insights based on billions of digital interactions daily across over 190 countries.
Similarweb (NYSE: SMWB) has enhanced its Keyword Generator tool, providing digital marketers a comprehensive view of search behaviors across Google, Amazon, and YouTube. The tool now includes on-site search data for Amazon and YouTube, in addition to Google, offering unique keywords insights. This enhancement facilitates the discovery of keyword volume and related metrics for eCommerce and video content optimization. Similarweb's extensive data, updated daily, positions it as a leader in digital intelligence for marketers.
Similarweb (NYSE: SMWB) has updated its Keyword Generator tool within its Digital Marketing Intelligence Solution. The upgrade now includes on-site search data from Amazon and YouTube, enhancing the existing Google capabilities. This unique tool aids digital marketers by providing keyword insights based on real user behavior across multiple platforms. The updates include YouTube keyword data, crucial for content teams, and Amazon keyword insights to optimize eCommerce strategies. These enhancements aim to deliver a holistic view of search behavior, vital for effective digital marketing.
Similarweb Ltd. (NYSE: SMWB) announced that its management will present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11, 2021, at 11:35 a.m. Eastern Time. A live webcast and replay will be available on their Investor Relations website.
Similarweb is a leading digital intelligence company, empowering users with insights to understand online behavior and make informed decisions in the digital ecosystem.
Similarweb (NYSE: SMWB) released a report on digital trends during the Tokyo Olympic Games, highlighting significant traffic growth. On July 25, olympics.com reached 16.95M visits, an 8% increase from the previous day and 72% higher than opening day. YouTube traffic grew by 1.9% to 8.1B visits, the highest this year. The official online shops for Team Australia saw a surge of 622% in traffic. Overall, traffic to sports news sites, notably espn.com, remained stable, with Olympic content up 144.4%.
Similarweb Ltd. (NYSE: SMWB) will release its second quarter 2021 financial results on August 11, 2021. The results will cover the period ended June 30, 2021. A conference call and webcast will be held at 8:30 a.m. EDT on the same day to discuss the company's business and financial outcomes. Investors can access the live webcast via Similarweb's Investor Relations website, with an archived version available post-call. A telephonic replay will be accessible until August 18, 2021.
Similarweb (NYSE: SMWB), a leader in digital intelligence, announced its digital insights are now available via AWS Data Exchange. This service allows AWS customers to easily access Similarweb's data, including top websites and trending keywords, enhancing their analytical capabilities. The partnership aims to meet the growing demand for integrating Similarweb's insights into various analytics platforms. This development is seen as a significant step in increasing the accessibility and usability of Similarweb's proprietary intelligence for businesses across sectors.
Similarweb (NYSE: SMWB) released a report on June 30, 2021, highlighting the COVID-19 recovery across various sectors in the U.S. and U.K. Key findings include a 20.2% and 97.5% YoY traffic increase for top job sites, indicating more employers returning than job seekers. U.S. travel bookings peaked at 17.01M in May, surpassing pre-pandemic levels. Mobile web traffic increased by 21.4%, while Classpass.com saw a 113.4% increase in traffic YoY. The report emphasizes a clear recovery trend, with increased engagement across industries.
Similarweb Ltd. (NYSE: SMWB) has appointed Sanju Bansal to its board of directors, effective immediately. CEO Or Offer expressed confidence in Bansal's ability to positively impact the company, highlighting his extensive experience as a serial entrepreneur and board member in successful publicly traded companies. Bansal, the current CEO of Hunch Analytics and former vice chairman of MicroStrategy, sees this appointment as timely amidst Similarweb's growth. He aims to help the company enhance its market position and achieve its mission of providing digital intelligence.
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