Semrush Holdings, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2022
May 10, 2022 at 05:11 pm EDT
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Semrush Holdings, Inc. provided earnings guidance for the second quarter and full year 2022. For the quarter, the company expected revenue to be in the range of $59.5 million to $60.5 million, ?up 33% year over year.
For the full year, the company expected revenue to be in the range of $249 million to $251 million, up over 33% year over year.
Semrush Holdings, Inc. is a provider of an online visibility management software-as-a-service (SaaS) platform. The Companyâs platform enables companies globally to identify and reach the right audience for their content, in the right context, and through the right channels. The Company utilizes proprietary technology and machine learning capabilities to aggregate, cleanse, and analyze broad and deep datasets to derive differentiated insights and analytics for its customers to manage their online visibility. Its ability to aggregate, crawl, and process massive data sets, including search engine, Website traffic, backlink, online advertising, panel, and social media data, combined with its ability to obtain data from its customers through application programming interfaces (APIs), enables its software to generate a comprehensive view of a companyâs online visibility profile and identify the specific keywords, advertisements, third-party websites, and content that are driving traffic.