Similarweb Ltd. (NYSE:SMWB) Q3 2022 Earnings Conference Call November 16, 2022 8:30 AM ET

Company Participants

Raymond Jones – Vice President-Investor Relations

Or Offer – Founder and Chief Executive Officer

Jason Schwartz – Chief Financial Officer

Conference Call Participants

Ryan MacWilliams – Barclays

Arjun Bhatia – William Blair

Jason Helfstein – Oppenheimer & Co.

Tyler Radke – Citigroup

Brett Knoblauch – Cantor Fitzgerald

Operator

Greetings. Welcome to Similarweb's Third Quarter Fiscal 2020 Earnings Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to Raymond Jones, Vice President, Investor Relations. Thank you. You may begin.

Raymond Jones

Thank you, operator. Welcome, everyone, to our third quarter 2022 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 impacts of the COVID-19 pandemic and its associated global economic uncertainty, 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. Again, actual results and the timing of certain events may differ materially from the projected results or the timing predicted or implied by such forward-looking statements. 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 25, 2022, in particular, the section entitled Risk Factors therein. For a discussion of the factors that could cause our actual results to differ from the forward-looking statements.

Also note that the forward-looking statements made on this call are based on the information available as of today's date, November 16, 2022. 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 accommodations, 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 of the past financial performance by excluding certain items that may not be indicative of our business, results of operations or outlook. However, non-GAAP financial measures have limitations as an analytical tool and are presented for supplemental informational purposes only. They should not be considered in isolation from or a substitute for financial information prepared in accordance with GAAP. A reconciliation between these GAAP and non-GAAP financial measures is included in our earnings press release which can be found on our Investor Relations website at ir.similarweb.com.