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• Semrush Holdings, Inc decreased 11.9% to $8.68 after the cloud based services provider reported first quarter results. 
  
  Revenue in the first quarter increased 24% to $70.9 million and average revenue run rate advanced 23% to $293 million and paying customers increased 15% to above 100,000. 
  
  Free active customers increased 36% to 885,000 and the number of customers paying more than $10,000 increased 45%.  
  
  Net loss in the quarter increased to $9.9 million from $2.9 million and diluted loss per share expanded to 7 cents from 2 cents a year ago More
  
  May 9, 2023
• Semrush Holdings, Inc decreased 11.9% to $8.68 after the cloud based services provider reported first quarter results. 
  
  Revenue in the first quarter increased 24% to $70.9 million and average revenue run rate advanced 23% to $293 million and paying customers increased 15% to above 100,000. 
  
  Free active customers increased 36% to 885,000 and the number of customers paying more than $10,000 increased 45%.  
  
  Net loss in the quarter increased to $9.9 million from $2.9 million and diluted loss per share expanded to 7 cents from 2 cents a year ago. 
  
  The company forecasted second quarter revenue to increase 19% at mid-point of the range between $73.6 million and $75 million and non-GAAP earnings between $1.5 million and $3.0 million.
  
  For the full-year 2023, the company estimated revenue between $306.0 million and $309.0 million and non-GAAP net income between breakeven and $3.0 million.  Less
  
  May 9, 2023

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