Semrush reports Q3 EPS (6c), consensus (9c)

Reports Q3 revenue $65.8M, consensus $64.0M. "We delivered solid growth despite a more challenging demand environment. We saw steady new customer growth, which was partially offset by lower expansion from existing customers. Interest in our products remains high, however at the moment, customers are more cautious and closely scrutinizing their spending," said Oleg Shchegolev, CEO and Co-Founder of Semrush. "The breadth of the Semrush platform continues to grow as we rolled out a major update to our Social Media Management Toolkit and continue to expand our App Center. While the demand environment is more challenging, we will continue to focus on delivering value to our customers and help them navigate through these macroeconomic headwinds."