Semrush Holdings, Inc. (SEMR) Q3 2023 Earnings Call Transcript

Semrush Holdings, Inc. (NYSE:SEMR) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET

Company Participants

Brinlea Johnson – Investor Relations

Oleg Shchegolev – Chief Executive Officer

Eugene Levin – President

Brian Mulroy – Chief Financial Officer

Conference Call Participants

Adam Hotchkiss – Goldman Sachs

Chris Cantera – Morgan Stanley

Rob Morelli – Needham & Company

Michael Vidovic – KeyBanc Capital Markets

Wayne Trinh – Piper Sandler


Thank you for standing by and welcome to the Semrush Third Quarter Earnings Conference Call. [Operator Instructions] I’d like to hand over to Brinlea Johnson to begin the call. Please go ahead.

Brinlea Johnson

Good morning and welcome to Semrush Holdings third quarter 2023 conference call. We will be discussing the results announced in our press release issued after market closed on Wednesday, November 1. With me on the call is our CEO, Oleg Shchegolev; our President, Eugene Levin; and our CFO, Brian Mulroy.

Today’s call will contain forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements concerning our expected future business and financial performance and financial condition, expected growth, adoption and demand for our existing and any new products and features, our AppCenter expansion, industry and market trends, our competitive position, market opportunities, sales and marketing activities, the sufficiency of our staffing levels, our guidance for the fourth quarter of 2023 and the full year 2023, and statements about future pricing and operating results, including margin improvement, revenue growth and profitability.

Forward-looking statements are statements other than statements of facts and can be identified with words such as expect, can, anticipate, intend, plan, believe, seek or will. These statements reflect our views as of today only and should not be relied upon as representing our views at

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