Platforms SEO Software

Semrush Revenue Increases 35%, Reports Net Loss of $33.8 Million

Customer growth has pushed Semrush’s annual revenue in 2022 to $254.3 million, up 35% from 188 million in 2021.

We expect Semrush to break even or make a small profit in 2023. In 2022, he will lose $33.8 million.

The company is financially strong. Cash and short-term investments totaled $237.5 million at the end of 2022.

client. Semrush finished the year with 95,000 paying customers, adding 13,000 customers in 2022, up from 82,000 customers in 2021.

The company also reports that its platform has over 800,000 free active users, up more than 50% year-over-year, and has seen “record levels of new customer signups and trials.”

employee. Semrush ended the year with over 1,300 employees and over 200 contractors.

The company also moved about 600 employees based in Russia before last year’s Russian invasion of Ukraine to new office locations (Spain, Netherlands, Germany, Armenia, Serbia, Cyprus, and the Czech Republic).

why you care. These financial results from Semrush confirm that strong demand for SEO and SEO platforms continues to exist. The company is also cash-rich and expects to be profitable next year. This means that losses in 2022 will not jeopardize the company’s continued operations.

All it takes is a “minor tweak” to make Semrush customers findable in chat-based searches. “The output of[chat interface search]is very similar to what actually happens if you try to generate a featured snippet based on some of the top stories,” said Eugene Levin, president of Semrush. How did you answer the analyst’s question about? We’re moving to a chat interface. he added:

  • “From a technical standpoint, optimizing this is very similar to optimizing featured snippets. [we have helped] People have to do it for a very long time. And indeed, we’ve seen a lot of demand for support for these features and tracking feature snippets and positive recommendations for how people are mentioned in these feature snippets. “
  • “At the moment, I don’t know what the final implementation (of search results) will be. I’ve only seen a few examples of their approach to this being implemented, and I think it’s very user-friendly. .”

Dig deeper. Semrush Announces Fourth Quarter and Full Year 2022 Financial Results.

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