Start Time: 08:30 January 1, 0000 9:02 AM ET

Similarweb Ltd. (NYSE:SMWB)
Q1 2024 Earnings Conference Call
May 08, 2024, 08:30 AM ET

Company Participants

Or Offer - Co-Founder and CEO
Jason Schwartz - CFO
Rami Myerson - VP, IR

Conference Call Participants

Arjun Bhatia - William Blair
Pete Newton - Barclays
Tommy Shinke - Cantor Fitzgerald
Tyler Radke - Citi
Aaron Kimson - Citizens

Operator

Good day, ladies and gentlemen, and welcome to Similarweb Quarter 1 Fiscal 2024 Earnings Call. All lines have been placed on a listen-only mode, and the floor will be open for questions and comments following the presentation. [Operators Instructions].

At this time, it is my pleasure to turn the floor over to your host, Rami Myerson. Sir, the floor is yours.

Rami Myerson

Thank you, operator. Welcome everyone to our first quarter 2024 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 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 February 28, 2024, and in particular sections entitled Cautionary Statement regarding Forward-Looking Statements and 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 any forward-looking statements made on this call are based on information available as of today's date, May 8, 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, net 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 strengths and for internal planning and focus and purposes.