Similarweb Ltd. (NYSE:SMWB) Q3 2023 Earnings Call Transcript November 8, 2023 8:30 AM ET

Company Participants

RJ Jones - VP, IR

Or Offer - CEO

Jason Schwartz - CFO

Conference Call Participants

Ryan MacWilliams - Barclays

Jason Helfstein - Oppenheimer

Brett Knoblauch - Cantor Fitzgerald

Patrick Walravens - JMP

Tyler Radke - Citi

Operator

Greetings, and welcome to Similarweb's Third Quarter Fiscal 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, RJ Jones, Vice President, Investor Relations. Thank you, RJ. You may begin.

RJ Jones

Thank you, operator. Welcome, everyone, to our third 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 impacts of rising interest rates, rising global inflation and current macroeconomic and geopolitical conditions, including the current war in Israel, 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 in the projected or implied during the call. Further, reported results should not be considered as an indication of future performance. Please review the forward-looking statements discussion in our shareholder letter, along with 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 therein for 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, November 8, 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 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 non-recurring 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.