Shares of Similarweb Ltd. (SMWB) tumbled 5.06% in after-hours trading on Tuesday following the release of the company's third-quarter 2025 financial results. The digital intelligence company's report painted a mixed picture, with some metrics beating expectations while others showed signs of slowing growth.

Similarweb reported Q3 revenue of $71.789 million, representing an 11% year-over-year increase but slightly missing analyst expectations of $71.977 million. However, the company's adjusted earnings per share of $0.05 surpassed the consensus estimate of $0.03. Similarweb maintained its full-year 2025 revenue guidance of $285 million to $288 million, in line with analyst projections of $286.4 million.

Despite the earnings beat, investors appeared concerned about some underlying growth metrics. The company's net retention rate (NRR) for customers with annual recurring revenue of $100,000 or more declined to 105% from 111% in the same quarter last year. Additionally, while the customer base grew by 15% year-over-year, the growth rate of high-value customers slowed to 13%. These factors, combined with the slight revenue miss, likely contributed to the after-hours stock decline as investors reassessed the company's growth trajectory in a challenging macroeconomic environment.