NYSE$SMWB
Similarweb · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Similarweb reported a profitable Q4 2024, with revenue growth driven by strong demand for Digital Data and increased customer base, alongside significant investments in AI and R&D.
Similarweb achieved a profitable Q4 2024, with total revenue reaching $65.6 million, a 16% increase year-over-year. The company reported a non-GAAP operating profit of $2.6 million and continued to expand its customer base, particularly in the $100,000+ ARR segment, while also making strategic investments in AI and R&D.
- Total revenue for Q4-24 increased by 16% year-over-year to $65.6 million, exceeding the top end of their estimate range.
- The company achieved a non-GAAP operating profit of $2.6 million in Q4-24, marking its sixth consecutive quarter of non-GAAP operating profit.
- The number of $100,000+ ARR customers grew by 11% year-over-year to 405, with their average annual revenue increasing by 7%.
- Overall dollar-based net retention rate (NRR) was 101%, and NRR for customers generating over $100,000 in ARR increased to 112%.
Headline financials
Revenue & EPS history
Similarweb · Revenue · Quarterly
$65.6M
Forward guidance
For the full year 2025, Similarweb expects total revenue between $285.0 million and $288.0 million, representing approximately 15% YoY growth at the midpoint. Non-GAAP operating profit is projected to be between $1.0 million and $4.0 million. For Q1 2025, total revenue is expected to be between $66.0 million and $66.5 million, with a non-GAAP operating loss between ($1.5) million and ($1.0) million.
Tailwinds
- Expected total revenue growth of approximately 15% YoY for FY2025.
- Anticipated non-GAAP operating profit for FY2025, continuing the trend of profitability.
- Increased investment in R&D and Go-To-Market teams to capitalize on AI opportunities and enhance Digital Data.
- Continued focus on expanding the customer base and increasing customer retention.
- Belief in the significant potential of their data and the markets they serve.
Headwinds
- Expected non-GAAP operating loss for Q1 2025.
- Guidance reflects an increase in operating expenses, primarily due to increased headcount.
- Some variability in quarterly margins is expected over 2025.
- Global macroeconomic conditions may continue to present challenges for the business.
- Long sales cycles over the last year have impacted customer acquisition cost payback period.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-5.3%
Avg return
Earnings day
-1.4%
Avg return
5 days after
+2.4%
Avg return
30 days after
30%
6 / 20 earnings
Positive
+25.3%
Q2 2024
Best reaction
-34.8%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -34.8% | +29.1% | +53.7% | |
| Q3 2025 | -9.1% | -14.6% | -11.8% | |
| Q2 2025 | +21.0% | +23.4% | +42.3% | |
| Q1 2025 | -5.8% | -9.7% | -6.6% | |
| Q4 2024 | -29.3% | -35.9% | -46.1% | |
| Q3 2024 | +6.1% | +9.8% | +24.0% | |
| Q2 2024 | +25.3% | +31.3% | +53.4% | |
| Q1 2024 | -6.7% | -6.3% | +2.8% | |
| Q3 2023 | +2.8% | +3.8% | -3.0% | |
| Q2 2023 | -12.6% | -6.4% | -4.6% | |
| Q1 2023 | -4.7% | -7.6% | +18.6% | |
| Q4 2022 | +3.8% | +4.5% | -8.9% | |
| Q3 2022 | -18.7% | -18.9% | -6.2% | |
| Q2 2022 | +1.7% | -2.0% | -8.8% | |
| Q1 2022 | -8.6% | -6.8% | -6.3% | |
| Q4 2019 | -3.5% | -2.7% | -3.2% | |
| Q4 2020 | -3.5% | -2.7% | -3.2% | |
| Q4 2021 | -11.1% | -12.1% | -6.6% | |
| Q3 2021 | -5.0% | +5.3% | -15.0% | |
| Q2 2021 | -13.4% | -9.9% | -15.5% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro