Similarweb reports Q3 adjusted EPS 5c, consensus 2c

Reports Q3 revenue $71.8M, consensus $71.95M. “We are proud of the third quarter financial results that reflect our focus on disciplined execution and sustained demand for our Digital Data. RPO increased by 26% year-on-year and customer count increased by 15%, in addition to the 11% revenue growth in the quarter,” stated Or Offer, Co-Founder and CEO of Similarweb (SMWB). “Commercial interest in our Generative AI data and solutions remains strong and revenues from Generative AI data and solutions are among our fastest growing revenue streams this quarter.” Offer concluded, “We are just beginning to tap into the vast potential of our data and the addressable markets we serve.”