Recent Updates — SMWB

Similarweb Ltd. is holding a special general meeting of shareholders on November 16, 2026, to vote on the binding compensation terms for its new Chief Executive Officer, Michael Akkerman. The proposed package includes a $550,000 annual base salary, a target bonus equal to 100% of base, and a one-time sign-on cash bonus of $500,000. The equity component features an aggregate grant value of approximately $10 million in restricted stock units and performance share units tied to revenue, EBITDA, and share price milestones over the next three to four years. Approval is conditional under Israeli law; failure to approve would require renegotiation of terms or potential departure of the new CEO. Similarweb Ltd. operates a digital intelligence platform that provides web traffic analytics and competitive benchmarking data.

Similarweb Ltd.'s Board appointed Michael Akkerman as Chief Executive Officer, effective November 2, 2026. Akkerman succeeds Founder Or Offer, who is stepping down after nearly two decades leading the company. Offer will remain involved during a transition period to ensure continuity for customers and employees. The appointment follows an extensive search supported by Spencer Stuart. Similarweb operates in the digital data and analytics industry.

Similarweb Ltd. reported second quarter 2026 financial results for the period ended June 30, 2026, announcing total revenue of $77.2 million, a 9% increase year-over-year. The company achieved its first-ever GAAP operating profit of $0.7 million and non-GAAP operating profit of $6.5 million. Management raised full-year guidance, estimating FY 2026 revenue between $314.0 million and $318.0 million and non-GAAP operating profit between $24.0 million and $26.0 million. The company surpassed $300 million in annual recurring revenue (ARR) and signed three multi-year contracts worth over $60 million. Similarweb operates in the digital data and analytics industry, providing web and app data insights to businesses.