Similarweb Q4 Guidance Miss, Customers Up 11%, RPO Rises 17%
Similarweb posted fourth-quarter EPS matching forecasts but missed revenue estimates and issued guidance below analyst projections, triggering an 8.6% weekly share gain. The company achieved 11% year-over-year customer growth, a 12% rise in clients with over $100,000 in annual recurring revenue and a 17% increase in remaining performance obligations.
1. Fourth-Quarter Financial Results
Similarweb delivered fourth-quarter earnings per share in line with consensus but fell short on revenue, reporting a top-line miss versus analyst estimates. Management issued guidance below projected levels, sparking an 8.6% uptick in weekly share performance as investors weighed the mixed results.
2. Customer Growth and Performance Obligations
Despite the revenue shortfall, Similarweb expanded its customer base by 11% year-over-year and saw a 12% increase in customers generating at least $100,000 in annual recurring revenue. Remaining performance obligations climbed 17%, underscoring a growing backlog of contracted revenue for upcoming periods.