Similarweb: Q4 Financial Results Overview

Similarweb Ltd. Announces Fourth Quarter Financial Results

Based in Givatayim, Israel, Similarweb Ltd. reported a net loss of $7.5 million for the fourth quarter.

The company’s loss amounted to 9 cents per share. After adjusting for special items, earnings stood at 3 cents per share.

These adjusted earnings surpassed analysts’ expectations, as a consensus of three analysts polled by Zacks Investment Research had predicted earnings of just 1 cent per share.

During the quarter, Similarweb generated $72.8 million in revenue, falling short of the $75.7 million anticipated by analysts surveyed by Zacks.

For the full year, Similarweb recorded a total loss of $32.9 million, or 39 cents per share, with annual revenue reaching $282.6 million.