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Similarweb ( (SMWB) ) has shared an update.
On February 11, 2025, Similarweb Ltd. announced its financial results for the fourth quarter and fiscal year 2024, highlighting a revenue growth acceleration to 15% from 13% in 2023. The company achieved its first full year of positive non-GAAP operating profit and free cash flow. This growth is attributed to disciplined execution and leveraging the AI revolution, with increased investments planned for sales and R&D in 2025. Fourth-quarter revenue reached $65.6 million, a 16% increase from 2023, despite a GAAP operating loss of $3.6 million. The company also achieved notable customer growth and improved retention rates, indicating strong market positioning and potential for continued expansion.
More about Similarweb
Similarweb Ltd. is a leading digital data and analytics company that provides essential web and app data, analytics, and insights to help businesses discover opportunities, identify competitive threats, optimize strategy, and increase monetization.
YTD Price Performance: 22.02%
Average Trading Volume: 612,039
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.39B
Find detailed analytics on SMWB stock on TipRanks’ Stock Analysis page.
