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Sep 30, 2024
Semrush Q3 2024 Earnings Report
Semrush reported a strong Q3, exceeding guidance and raising full-year outlook, driven by revenue growth and ARR increase.
Key Takeaways
Semrush announced strong Q3 2024 financial results with revenue of $97.4 million, a 24% year-over-year increase, and ARR of $401 million, also up 24% year-over-year. The company raised its full-year 2024 revenue and non-GAAP operating margin guidance.
Revenue grew by 24% year-over-year to $97.4 million.
ARR increased by 24% year-over-year to $401 million.
Non-GAAP operating income was $12.1 million, with a non-GAAP operating margin of 12.4%.
Free cash flow for Q3 was $6.2 million, representing a free cash flow margin of 6.3%.
Forward Guidance
Semrush provided financial guidance for Q4 2024 and raised full-year 2024 outlook.
Positive Outlook
- Expects Q4 revenue in the range of $100.8 to $101.8 million, representing approximately 21% year-over-year growth at the mid-point.
- Anticipates Q4 non-GAAP operating margin to be approximately 11%.
- Raises full-year revenue expectation to a range of $375 to $376 million, representing 22% year-over-year growth.
- Expects full-year non-GAAP operating margin to be approximately 12%.
- Projects full-year free cash flow margin to be approximately 8%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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