Similarweb Ltd. (NYSE:SMWB) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET

Company Participants

Raymond Jones - Vice President of Investor Relations

Or Offer - Co-Founder and Chief Executive Officer

Jason Schwartz - Chief Financial Officer

Conference Call Participants

Arjun Bhatia - William Blair

John Byun - Jefferies

Tyler Radke - Citi

Pete Newton - Barclays

Noah Herman - JPMorgan

Operator

Good day, ladies and gentlemen, and welcome to the Similarweb Second Quarter Fiscal 2023 Earnings Call. Our host for today's call is Raymond Jones, Vice President of Investor Relations. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session.

I would like to now turn the call over to your host, Raymond, the floor is yours.

Raymond Jones

Thank you, operator. Welcome, everyone, to our second quarter 2023 earnings conference call. During this call, we will make forward-looking statements related to our business. These statements may include the expected performance of our business and our future financial results, our strategy, the potential impact of rising interest rates, rising global inflation and current macroeconomic conditions, challenges in our business and in the markets in which we operate, our anticipated long-term growth and overall future prospects.

These statements are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those projected or implied during the call. Further, reported results should not be considered as an indication of future performance. Please review our Form 20-F filed with the SEC on March 23, 2023, and in particular, the sections entitled Cautionary Statement Regarding Forward-Looking Statements and Risk Factors for a discussion of the factors that could cause our actual results to differ from the forward-looking statements.

Also note that any forward-looking statements made on this call are based on information available as of today's date, August 9, 2023. We undertake no obligation to update any forward-looking statements we make today, except as required by law. As a reminder, certain financial measures we use in presentations of results and on our call today are expressed on a non-GAAP basis. In particular, we referenced non-GAAP operating loss, which represents GAAP operating loss, less share-based compensation, adjustments and payments related to business combinations, amortization of intangible assets and certain other nonrecurring items.

We use this and other non-GAAP financial measures internally to facilitate analysis of our financial and business trends and for internal planning and forecasting purposes. We believe these non-GAAP financial measures when taken collectively, may be helpful to investors because they provide consistency and comparability with past financial performance by excluding certain items that may not be indicative of our business, results of operations or outlook.