Semrush reports Q3 EPS 3c, consensus 2c

Reports Q3 revenue $78.7M, consensus $78.7M. “In the third quarter, we achieved strong results, with revenue growth accelerating to 20%, ARR growth of 21%, and customers increasing roughly 14% year-over-year,” said Oleg Shchegolev, CEO and Co-Founder of Semrush. “We have built a business focused on driving strong, sustainable growth with improving profitability. We remain focused on three main growth pillars to set us up for long-term, durable success: increasing new user growth, maximizing the value we generate from our users, and adding new products to our portfolio to address client needs and market trends. Looking ahead, we are excited about what the future holds and are committed to making Semrush the platform of choice for businesses of all sizes, across all industries, all around the world, to improve their online visibility,” added Mr. Shchegolev.