Similarweb Ltd. ( (SMWB) ) has released its Q2 earnings. Here is a breakdown of the information Similarweb Ltd. presented to its investors.
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Similarweb Ltd. is a leading provider of digital data analytics, offering insights into online behavior and market trends, primarily serving businesses across various industries with its proprietary digital data solutions.
In the second quarter of 2025, Similarweb Ltd. reported a robust financial performance, driven by increased demand for its digital data solutions and a growing customer base. The company highlighted the significant contribution of its Generative AI data and solutions to its revenue growth.
Key financial metrics from the earnings report include a 17% year-over-year revenue increase to $71 million, an 18% rise in the customer base to 5,951 ARR customers, and a 26% growth in remaining performance obligations. The company also achieved its seventh consecutive quarter of positive normalized free cash flow and returned to generating non-GAAP operating profit. Notably, revenues from Generative AI data and solutions accounted for nearly 8% of Q2 revenues, marking it as one of the fastest-growing revenue streams.
Looking forward, Similarweb Ltd. maintains its full-year revenue expectations and has increased its operating profit forecasts, reflecting confidence in its strategic execution and market demand. The company continues to focus on expanding its digital data offerings and enhancing customer relationships to sustain growth in the evolving digital landscape.