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Sep 30, 2021
Semrush Q3 2021 Earnings Report
Semrush experienced revenue growth and customer acquisition.
Key Takeaways
Semrush reported a strong Q3 2021 with a 53% year-over-year increase in revenue, reaching $49.3 million. The company also increased its customer base by 23% to over 79,000 and achieved a dollar-based net revenue retention rate of 124%.
Total revenue reached $49.3 million, a 53% increase year-over-year.
The company has over 79,000 customers, up approximately 23% from a year ago.
ARR reached $199 million, up 47% year-over-year.
Dollar-based net revenue retention rate was 124%.
Forward Guidance
Semrush provided financial guidance for Q4 2021 and full year 2021.
Positive Outlook
- Revenue is expected to be in a range of $51.8 million to $52.3 million for Q4 2021, up 42-43% year-over-year.
- Revenue is expected to be in a range of $186 million to $186.5 million for full year 2021, up 49% year-over-year.
Challenges Ahead
- Non-GAAP net loss is expected to be in a range of $5.5 to $5.0 million for Q4 2021.
- Non-GAAP net loss is expected to be in a range of $3.1 to $2.6 million for full year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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