Semrush reports Q3 non-GAAP operating income $14.1M vs. $12.1M last year

Reports Q3 revenue $112.1M, consensus $111.7M. Semrush (SEMR) customers who pay more than $10,000 annually grew by 30% year-over-year. Semrush customers paying over $50,000 annually grew by over 72% year-over-year. “We delivered strong performance in the third quarter, driven by our enterprise traction and accelerating momentum across our AI portfolio,” said Bill Wagner, CEO of Semrush. “Building on our foundation as leaders in SEO, our Enterprise and AI products are becoming new revenue growth engines, validating our upmarket expansion and our investment in product innovation.”