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Semrush Holdings Q2 Posts Profit, Revenue Rises; Q3 Outlook Set; 2024 Guidance Boosted
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Semrush Holdings Q2 Posts Profit, Revenue Rises; Q3 Outlook Set; 2024 Guidance Boosted
Aug 5, 2024 3:28 PM

06:01 PM EDT, 08/05/2024 (MT Newswires) -- Semrush Holdings ( SEMR ) posted Q2 earnings Monday of $0.01 per diluted share, compared with breakeven a year earlier.

Analysts surveyed by Capital IQ expected earnings of $0.03.

Revenue in the quarter ended June 30 rose to $91 million from $74.7 million a year earlier.

Analysts polled by Capital IQ expected $89.8 million.

The company expects Q3 revenue of $96 million to $97 million. Analysts polled by Capital IQ expect $93.3 million.

The company boosted full-year revenue guidance to $373 million to $375 million from $$366 million to $369 million. Analysts surveyed by Capital IQ expect $367.8 million.

Price: 13.10, Change: +0.19, Percent Change: +1.47

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