Overview
Semrush Q2 revenue rises 20% yr/yr, beating analyst expectations
Company announces $150 mln share repurchase program
Outlook
Semrush expects Q3 revenue between $111.1 mln and $112.1 mln
Company anticipates full-year revenue of $443.0 mln to $446.0 mln
Company expects full-year free cash flow margin of 12%
Result Drivers
AI AND ENTERPRISE PRODUCTS - Accelerated adoption of AI and Enterprise products contributed to revenue growth, per CEO Bill Wagner
HIGH-VALUE CUSTOMERS - Customers paying more than $50,000 annually increased by 83% yr/yr
SEO LEADERSHIP - Named leader in SEO Solutions by Forrester, enhancing market position
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | In-line | $108.89 mln | $108.80 mln (5 Analysts) |
Q2 Net Income | -$6.78 mln | ||
Q2 Gross Profit | $87.78 mln | ||
Q2 Income From Operations | -$4.34 mln | ||
Q2 Operating Expenses | $92.13 mln | ||
Q2 Pretax Profit | -$2.06 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for SEMrush Holdings Inc is $16.00, about 46.9% above its August 1 closing price of $8.49
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nBw2CKFNza
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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