NYSE$SEMR
Semrush Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Semrush reported a strong Q3, exceeding guidance and raising full-year outlook, driven by revenue growth and ARR increase.
Semrush announced strong Q3 2024 financial results with revenue of $97.4 million, a 24% year-over-year increase, and ARR of $401 million, also up 24% year-over-year. The company raised its full-year 2024 revenue and non-GAAP operating margin guidance.
- Revenue grew by 24% year-over-year to $97.4 million.
- ARR increased by 24% year-over-year to $401 million.
- Non-GAAP operating income was $12.1 million, with a non-GAAP operating margin of 12.4%.
- Free cash flow for Q3 was $6.2 million, representing a free cash flow margin of 6.3%.
Headline financials
Revenue & EPS history
Semrush · Revenue · Quarterly
$97.4M
Forward guidance
Semrush provided financial guidance for Q4 2024 and raised full-year 2024 outlook.
Tailwinds
- Expects Q4 revenue in the range of $100.8 to $101.8 million, representing approximately 21% year-over-year growth at the mid-point.
- Anticipates Q4 non-GAAP operating margin to be approximately 11%.
- Raises full-year revenue expectation to a range of $375 to $376 million, representing 22% year-over-year growth.
- Expects full-year non-GAAP operating margin to be approximately 12%.
- Projects full-year free cash flow margin to be approximately 8%.
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 Q3 2024
-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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