Similarweb reports Q1 non-GAAP EPS 1c, consensus 2c

Reports Q1 revenue $73.9M, consensus $73.04M. “I am proud of the first quarter financial results that reflect solid execution and the resilience of the Similarweb (SMWB) team during an eventful quarter,” stated Or Offer, Co-Founder and CEO of Similarweb. “We delivered revenue and non-GAAP operating profit at the top end of our guidance range. Sales productivity improved for the third consecutive quarter and contributed to our strongest first quarter ARR increase since 2022.” Offer concluded, “Commercial interest in our AI-related data and solutions continues to expand, and our growing pipeline of opportunities provides us with confidence in our strategy to build an AI-driven data powerhouse that delivers profitable growth.”