- Similarweb press release (NYSE:SMWB): Q4 Non-GAAP EPS of $0.06 beats by $0.04.
- Revenue of $56.8M (+10.7% Y/Y) beats by $0.98M.
- Grew number of customers to 4,712 as of December 31, 2023, an increase of 16% compared to December 31, 2022.
- Annual revenue per customer was approximately $50,000 in the fourth quarter of 2023, as compared to $51,600 in the fourth quarter of 2022.
- Grew number of customers with ARR of $100,000 or more to 365, an increase of 8% compared to December 31, 2022.
- Customers with ARR of $100,000 or more contributed 57% of the total ARR as of December 31, 2023, compared to 55% as of December 31, 2022.
- Dollar-based net retention rate for customers with ARR of $100,000 or more was 107% in the fourth quarter of 2023 as compared to 120% in the fourth quarter of 2022.
- Overall dollar-based net retention rate was 98% in the fourth quarter of 2023 as compared to 109% in the fourth quarter of 2022.
- Multi-year subscriptions now comprise 42% of our overall ARR as of December 31, 2023, as compared to 39% as of December 31, 2022.
- Q1 2024 Guidance
- Total revenue estimated between $58.5 million and $59.0 million vs $57.51M consensus, representing approximately 11% growth year over year at the mid-point of the range.
- Non-GAAP operating profit estimated between $1.0 million and $1.5 million.
- FY 2024 Guidance
- Total revenue estimated between $242.0 million and $246.0 million vs $239.39M consensus, representing approximately 12% growth year over year at the mid-point of the range.
- Non-GAAP operating profit estimated between $6.0 million and $8.0 million.
Similarweb Non-GAAP EPS of $0.06 beats by $0.04, revenue of $56.8M beats by $0.98M (NYSE:SMWB)
By Press Room
