Similarweb (SMWB) has released an update.
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Similarweb Ltd., a leading digital analytics firm, has reported a robust second quarter in 2024, with a 13% revenue increase and a notable rise in customer base to over 5,000, including a significant eight-figure ARR client. The company has achieved a fourth straight quarter of non-GAAP operating profit and a positive free cash flow, leading to an uplift in full-year revenue and profit forecasts. These accomplishments underscore Similarweb’s growing market presence and the successful acquisition of app intelligence firm 42matters AG.
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