Semrush revenue grows 35%, reports net loss of $33.8 million

Buyer expansion higher Semrush’s full-year income by way of 35% in 2022 to $254.3 million, up from 188.0 million in 2021. 

Semrush expects to wreck even or display a small benefit in 2023. It misplaced $33.8 million in 2022.

The corporate is financially robust; money and non permanent investments totaled $237.5 million on the finish of 2022. 

Shoppers. Semrush added 13,000 shoppers in 2022 and ended the yr with 95,000 paying shoppers, up from 82,000 shoppers in 2021. Semrush shoppers who paid greater than $10,000 yearly grew by way of greater than 50% year-on-year.

The corporate additionally reported its platform had greater than 800,000 unfastened lively customers, up greater than 50% year-on-year, and noticed “file ranges of latest buyer registrations and trials.”

Workers. Semrush ended the yr with greater than 1,300 staff and greater than 200 contractors.

The corporate additionally reported it has finished a a success relocation of about 600 staff who were founded in Russia, previous to the rustic’s invasion of Ukraine ultimate yr, to new place of job places (Spain, the Netherlands, Germany, Armenia, Serbia, Cyprus, and the Czech Republic).

Why we care. Those monetary effects from Semrush verify there is still robust call for for search engine optimization and search engine optimization platforms. Additionally, the corporate is money wealthy and expects to achieve profitability subsequent yr. That implies the 2022 losses don’t jeopardize the corporate’s ongoing operations. 

Most effective “minor fine-tuning” wish to lend a hand Semrush shoppers be present in chat-based seek. “The outputs of (chat-interface seek) are in truth similar to what occurs in case you attempt to produce (a) featured snippet in response to a few most sensible articles,” is how Semrush president Eugene Levin replied to an analyst’s query about search engines like google transitioning to talk interfaces. He added:

  • “So from a technical viewpoint, optimizing for that is similar to optimizing for featured snippets, which [we have helped] other folks to do for a long time. And in truth, we’ve noticed a large number of call for for the ones options and beef up of our monitoring characteristic snippet, in addition to proactive suggestions about how other folks can… be discussed in the ones options snippets.”
  • “At this level, we don’t know what the general implementation (of seek effects) goes to be. We’ve simplest noticed a few examples being carried out their solution to this, which is, I feel, very user-friendly.”

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

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