Similarweb: Q2 Earnings Snapshot

August 9, 2022 GMT

TEL AVIV, Israel (AP) _ Similarweb Ltd. (SMWB) on Tuesday reported a loss of $22.1 million in its second quarter.

The Tel Aviv, Israel-based company said it had a loss of 29 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 20 cents per share.

The digital intelligence company posted revenue of $47.6 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $45.7 million.

For the current quarter ending in October, Similarweb said it expects revenue in the range of $48.8 million to $49.2 million.

The company expects full-year revenue in the range of $196 million to $197 million.


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