SIMILARWEB LTD.

Similarweb Ltd. announced strong second quarter 2026 results, with revenue and non-GAAP operating profit exceeding guidance. The company achieved its first-ever quarter of positive GAAP operating profit and saw its overall Net Retention Rate (NRR) increase to 100%. Driven by robust AI demand, Similarweb secured over $60 million in new multi-year contracts and subsequently raised its full-year 2026 revenue and profit guidance.

Similarweb Ltd. announced the results of its Annual General Meeting held on May 28, 2026. Shareholders approved all proposals outlined in the proxy statement and the updated Compensation Policy. Additionally, the company announced changes to its Audit Committee, with Mr. Harel Beit-On stepping down, Mr. Kipp Bodnar being appointed, and Mr. Joe Del Preto taking over as the new Chair.

Similarweb Ltd. has adopted an amended Compensation Policy for Executive Officers and Directors, effective for three years. The policy aims to attract, retain, and motivate talent by aligning compensation with company goals and performance, while enhancing shareholder value. It outlines various compensation instruments including base salary, benefits, cash bonuses, and equity-based awards, with specific limits and guidelines for each component. The policy also addresses retirement, termination arrangements, change of control provisions, and compensation for non-employee directors, ensuring market competitiveness and compliance with the Companies Law.

Similarweb announced strong first-quarter 2026 financial results, with revenue reaching $73.9 million, a 10% increase year-over-year, and non-GAAP operating profit of $2.4 million, both at the top end of guidance. The company achieved its tenth consecutive quarter of positive normalized free cash flow at $6.6 million. Based on this performance, Similarweb raised the lower end of its full-year 2026 guidance for both revenue and non-GAAP operating profit, reflecting increased confidence in its outlook.

Similarweb Ltd. announced the initiation of its CEO succession planning process. Founder and CEO Or Offer, who will mark 20 years leading the company in May 2027, informed the Board of his intention to transition out of the CEO role. The leadership transition is expected to be completed by mid-2027, with Mr. Offer remaining fully focused on the company's strategy during this period. The Board has engaged a leading executive search firm to identify a successor.