NYSE$SEMR
Semrush Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Experienced steady growth with double-digit gains in revenue and paying customers year-over-year.
Semrush reported a revenue of $74.7 million, a 19% increase year-over-year. ARR reached $302.4 million, up 20% year-over-year, and the company had over 104,000 paying customers, a 14% increase year-over-year. The company is raising its full year 2023 guidance.
- Second quarter revenue reached $74.7 million, up 19% year-over-year.
- ARR reached $302.4 million as of June 30, 2023, up 20% year-over-year.
- Dollar-based net revenue retention was 112% as of June 30, 2023.
- Over 104,000 paying customers as of June 30, 2023, up approximately 14% year-over-year.
Headline financials
Revenue & EPS history
Semrush · Revenue · Quarterly
$74.7M
Forward guidance
Semrush expects revenue growth to reaccelerate with increasing adoption of its expanding product portfolio, tools, and add-ons. The company is committed to maintaining a disciplined and balanced approach to optimizing costs and improving efficiency and profitability while continuing to invest in future growth opportunities.
Tailwinds
- Expects revenue in a range of $78.0 to $79.0 million for Q3 2023.
- Mid-point of Q3 revenue guidance would represent growth of approximately 19% year-over-year.
- Expects third quarter non-GAAP net income of $3.0 to $4.0 million.
- Raising prior full-year revenue guidance to $307.0 to $309.0 million.
- Mid-point of full-year revenue guidance would represent growth of approximately 21% year-over-year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-3.7%
Avg return
Earnings day
-2.0%
Avg return
5 days after
+2.4%
Avg return
30 days after
20%
5 / 25 earnings
Positive
+16.9%
Q1 2024
Best reaction
-21.3%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +1.0% | +1.1% | +1.3% | |
| Q3 2025 | +6.1% | +3.8% | +67.2% | |
| Q2 2025 | -20.7% | -22.7% | -16.6% | |
| Q1 2025 | -2.2% | +6.1% | +1.2% | |
| Q4 2024 | -21.3% | -26.8% | -36.6% | |
| Q3 2024 | -3.9% | +1.4% | +2.4% | |
| Q2 2024 | -1.3% | +2.3% | -0.5% | |
| Q1 2024 | +16.9% | +21.8% | +24.3% | |
| Q4 2023 | -13.3% | -9.2% | +4.9% | |
| Q3 2023 | -5.3% | +2.7% | +38.2% | |
| Q2 2023 | +2.8% | -4.0% | -9.3% | |
| Q1 2023 | -14.0% | -12.8% | -21.7% | |
| Q4 2022 | +11.2% | +9.7% | +26.9% | |
| Q3 2022 | -16.4% | -22.7% | -28.9% | |
| Q2 2022 | -3.3% | +4.2% | -10.4% | |
| Q1 2022 | -4.4% | +3.8% | +23.6% | |
| Q4 2019 | -1.7% | -0.9% | -3.1% | |
| Q4 2021 | -4.6% | -20.0% | -15.4% | |
| Q3 2020 | -1.5% | -5.9% | -24.4% | |
| Q3 2021 | -4.8% | +3.8% | -21.8% | |
| Q2 2020 | -2.3% | +3.9% | +33.3% | |
| Q2 2021 | -3.3% | +7.2% | +28.8% | |
| Q1 2021 | -2.1% | +1.2% | -1.4% | |
| Q4 2020 | -2.1% | +1.2% | -1.4% | |
| Q1 2020 | -2.1% | +1.2% | -1.4% |
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