Similarweb reports Q4 adjusted EPS 6c, consensus 2c

Reports Q4 revenue $56.8M, consensus $55.88M. “We finished the year with 13% annual revenue growth, successfully navigated through a challenging demand environment, and in the fourth quarter we achieved positive free cash flow for the first time as a public company, which is a tremendous accomplishment for us as a team,” said Or Offer, Co-Founder and CEO of Similarweb. “During the quarter, we experienced significant new demand from our largest strategic accounts who are coming to us for unique digital data that they can leverage in their work with generative AI.” Offer added, “This is an important development for us as we enter 2024 seeking profitable growth.”