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Dec 31, 2023
Semrush Q4 2023 Earnings Report
Semrush reported Q4 2023 financial results, showing revenue growth and increased paying customers.
Key Takeaways
Semrush announced strong Q4 2023 results, with a 21% year-over-year increase in revenue to $83.4 million. The company's ARR grew by 23% year-over-year, reaching $337.1 million, and it increased its paying customer base to nearly 108,000. Semrush reported a net income of $6.9 million for the quarter, a significant improvement from the prior year's net loss of $13.9 million.
Q4 revenue increased by 21% year-over-year to $83.4 million.
ARR reached $337.1 million, up 23% year-over-year.
Paying customers grew to nearly 108,000, a 12.5% increase from the previous year.
Net income was $6.9 million, compared to a net loss of $13.9 million in the prior year period.
Forward Guidance
Semrush provided financial guidance for Q1 2024 and full year 2024, expecting continued revenue growth and improved profitability.
Positive Outlook
- Expects Q1 2024 revenue in the range of $84.7 to $85.3 million, representing approximately 20% year-over-year growth.
- Anticipates Q1 2024 Non-GAAP operating margin to be approximately 8%.
- Projects full year 2024 revenue in the range of $364 to $368 million, representing approximately 19% year-over-year growth.
- Forecasts full year 2024 Non-GAAP operating margin of 10% to 11%.
- Estimates full year 2024 free cash flow margin to be in the range of 7% to 8%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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