Semrush Reports Robust Q4 2024 Growth, Announces Leadership Transition

Semrush Holdings, Inc. (NYSE: SEMR) today announced fourth quarter and full year 2024 financial results that illustrate solid growth amid evolving market dynamics. The Boston-based online visibility management SaaS platform reported a fourth quarter revenue of $102.6 million, marking a 23% increase over the same period last year. Full year 2024 revenue climbed to $376.8 million, representing a 22% year-over-year growth, while annual recurring revenue reached $411.6 million, up 22%.

A key highlight of the filing is the company’s strategic leadership transition. Effective March 10, 2025, industry veteran William (Bill) R. Wagner will assume the role of Chief Executive Officer. Wagner, who brings over 30 years of experience in the technology sector and previously led a global SaaS company through significant growth, has been a Semrush Board member since September 2022. Co-founder Oleg Shchegolev, who served as CEO for over 16 years, will now focus exclusively on product innovation and artificial intelligence as the new Chief Technology Officer.

Financial results for the fourth quarter underscored improved operational performance. The company posted a non-GAAP income from operations of $11.8 million, up from $8.3 million in the corresponding period last year, and generated net cash from operations of $11.9 million during the quarter, with overall free cash flow reaching $9.5 million.

Semrush executives emphasized that their integrated, AI-powered digital marketing platform continues to gain traction across customer segments. The company reported strong momentum in its enterprise SEO solutions, noting increased demand, evidenced by record numbers of new SEO Enterprise deals in the final month of the quarter. Additionally, 117,000 paying customers were active as of December 31, 2024, reflecting an 8% year-over-year increase.

Looking ahead, Semrush provided guidance for the first quarter of 2025, forecasting revenue in the range of $103.9 million to $104.7 million, which would represent approximately 22% year-over-year growth. Full-year 2025 expectations include revenue between $448 million and $453 million, with anticipated improvements in both operating margins and free cash flow generation.

The leadership transition, combined with steady revenue growth and an expanding customer base, positions Semrush to further capitalize on trends driving digital marketing innovations. With Bill Wagner’s extensive experience scaling SaaS businesses and Oleg Shchegolev’s continued focus on product development and AI, the company looks set to advance its market strategy and operational excellence in the coming year.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Semrush’s 8K filing here.

About Semrush

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.