04:53 AM EDT, 05/07/2024 (MT Newswires) -- Semrush Holdings ( SEMR ) posted Q1 earnings Monday of $0.01 per diluted share, swinging from a loss of $0.07 a year earlier.

Three analysts surveyed by Capital IQ expected earnings of $0.02.

Revenue for the quarter ended March 31 was $85.8 million, up from $70.9 million a year earlier.

Five analysts polled by Capital IQ expected $85.1 million.

The online marketing platform expects Q2 revenue of $89.1 million to $90.1 million. Analysts polled by Capital IQ expect $89.1 million.

For 2024, the company expects revenue of $366 million to $369 million, up from its previous guidance of $364 million to $368 million. Analysts surveyed by Capital IQ expect $365.5 million.

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