By Nicholas G. Miller

Shares of Similarweb surged after the company reported second-quarter revenue above Wall Street's expectations, despite experiencing a wider loss than the previous year.

The stock was up 19% to $8.45 but was still down 40% so far this year.

The Israeli digital marketing intelligence company said its loss widened to $11.8 million, or 14 cents a share, from a loss of $738,000, or 1 cent a share, in the prior-year period.

Adjusted earnings were a profit of 1 cent a share. Analysts expected a loss of 1 cent a share, according to FactSet.

The company reported revenue of $71 million, up from $60.6 million the previous year. Analysts forecast $67.3 million. Top-line gains were fueled by 18% growth in total customers and one-time fees from selling data for generative AI training. The company said it was seeing rapid revenue growth in its generative AI training business.

Similarweb guided for full-year revenue between $285 million and $288 million and third-quarter revenue from $71.5 million to $72 million. Wall Street sees full-year revenue of $286.2 million and third-quarter sales of $72.7 million.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

August 13, 2025 10:06 ET (14:06 GMT)

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