Semrush Holdings (SEMR) reported Q3 earnings late Thursday of $0.01 per diluted share, down from $0.03 a year earlier.

Analysts polled by Capital IQ expected $0.03.

Revenue for the quarter ended Sept. 30 was $97.4 million, compared with $78.7 million a year earlier.

Analysts surveyed by Capital IQ expected $96.7 million.

For Q4, the company expects revenue in the range of $100.8 million to $101.8 million. Analysts surveyed by Capital IQ expect $101.1 million.

The company raised its 2024 revenue guidance to a range of $375 million to $376 million from $373 million to $375 million previously. Analysts polled by Capital IQ expect $374.4 million.