Similarweb Ltd. (NYSE:SMWB) Q4 2023 Earnings Conference Call February 14, 2024 8:30 AM ET

Company Participants

RJ Jones - Vice President, Investor Relations

Or Offer - Chief Executive Officer

Jason Schwartz - Chief Financial Officer

Conference Call Participants

Rachel Ayotte - William Blair

Surinder Thind - Jefferies

Tyler Radke - Citi

Pat Walravens - Citizens JMP

Operator

Greetings and welcome to Similarweb Q4 Fiscal 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host RJ Jones, Vice President Investor Relations. Please go ahead.

RJ Jones

Thank you, operator. Welcome everyone to our fourth quarter and fiscal year 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 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 a discussion of factors that could cause our actual results should differ from the forward-looking statements.

Also note that any forward-looking statements made on this call are based on available information as of today's date, February 14, 2024. 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 profit or loss, which represents GAAP operating profit or 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.