Similarweb reports Q1 adjusted EPS 4c, consensus 2c

Reports Q1 revenue $59M, consensus $58.96M. “Demand for our solutions from customers who value Similarweb Digital Data to make critical business decisions, supported 16% growth in customers and 12% growth in revenue, relative to Q1 2023,” said Or Offer, Co-Founder and CEO of Similarweb. “We delivered strong momentum on the bottom line, with a third consecutive quarter of non-GAAP operating profit, and a second consecutive quarter of positive free cash flow. Our recent acquisition of Admetricks and the launch of SAM, our AI-powered Sales Assistant Module demonstrates our continued investment in the enhancement of our unique data and solutions.”