NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE:FVRR), the company that is changing how the world works together, today announced it will release fourth quarter and full year financial results for the period ended December 31, 2023, before the market opens on Thursday, February 22, 2024. On that day management will hold a conference call and webcast at 8:30 a.m. ET to discuss the Company's business and financial results. Prior to its conference call, Fiverr will issue a press rel ...

Shares of freelance marketplace Fiverr International (FVRR 4.98%) jumped higher on Friday after getting a vote of confidence from a prominent analyst. As of noon ET, Fiverr stock is up only about 5%, but it was up almost 11% earlier in the day.Is Fiverr worth the risk here?Goldman Sachs analyst Eric Sheridan upgraded his outlook for Fiverr stock today, according to StreetInsider. The analyst believes the stock is a buy, and he gave it a price target of $43 per share, which represents approximately 66% upsid ...

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE:FVRR), the company changing how the world works together, announced today the twelve founders selected to participate in the third annual Future Collective Business Accelerator Program. The Future Collective is an accelerator designed for early-stage U.S. and Canada-based Black entrepreneurs at pivotal moments in their business journey. Each founder will receive funding, coaching, and tools to scale and grow their business. Fiverr h ...

The traditional economy and workplace continues to evolve. The results of that transition are very evident in the gig economy. The gig economy itself has grown rapidly reaching a value of more than $455 billion last year. More and more workers are shunning the typical 9 to 5 office job. It is expected that more than 50% of the U.S. workforce will be employed in the gig economy by 2027. Further, the gig economy is expanding approximately three times as fast as the total workforce. In short, expect freelancin ...

Fiverr International Ltd. (NYSE:FVRR) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Brian Lan - Investor Relations Manager Micha Kaufman - Founder and Chief Executive Officer Ofer Katz - President and Chief Financial Officer Conference Call Participants Ron Josey - Citi Doug Anmuth - JPMorgan Jason Helfstein - Oppenheimer Eric Sheridan - Goldman Sachs Matt Farrell - Piper Sandler Kunal Madhukar - UBS Andrew Boone - JMP Securities Marvin Fong - BTIG Rohit Kulkarni - ROTH M ...

Revenue and Financial Performance - Revenue in Q3 2023 was $92.5 million, a 12.1% increase year over year from $82.5 million in Q3 2022[5] - Q4 2023 revenue is projected to be between $88.1 million and $95.1 million, with a year-over-year growth of 6% to 14%[7] - FY 2023 revenue guidance is maintained at $358.0 - $365.0 million, with a year-over-year growth of 6% to 8%[7] - GAAP net income for Q3 2023 was $3.0 million, compared to a net loss of $11.4 million in Q3 2022[5] - Net income for Q3 2023 was $3.025 million, compared to a net loss of $11.350 million in Q3 2022[16] - Non-GAAP net income for Q3 2023 was $22.636 million, compared to $8.628 million in Q3 2022[21] - Non-GAAP diluted net income per share for Q3 2023 was $0.55, up from $0.21 in Q3 2022[21] Adjusted EBITDA and Margins - Adjusted EBITDA for Q3 2023 was $16.5 million, with an Adjusted EBITDA margin of 17.9%, compared to $6.6 million and 7.9% in Q3 2022[5] - Fiverr raised its FY 2023 Adjusted EBITDA guidance to $58.0 - $60.0 million, representing a midpoint margin of 16.3%[3] - Adjusted EBITDA for Q3 2023 was $16.533 million, with a margin of 17.9%, up from $6.554 million and 7.9% in Q3 2022[22] - Non-GAAP gross margin improved to 85.2% in Q3 2023 from 82.8% in Q3 2022[20] - Management uses non-GAAP metrics like Adjusted EBITDA and Adjusted EBITDA margin to evaluate operating performance and plan for business expansion[28][29] - The company cannot provide a reconciliation of Adjusted EBITDA and Adjusted EBITDA margin guidance for Q4 2023 and fiscal year 2023 due to unpredictable items like share-based compensation and exchange rate income/loss[32] Active Buyers and Spend Metrics - Active buyers remained stable at 4.2 million as of September 30, 2023, unchanged from the same period in 2022[5] - Annual active buyers decreased slightly to 4.164 million in 2023 from 4.249 million in 2022[18] - Spend per buyer (SPB) increased to $271 in Q3 2023, up 4% from $262 in Q3 2022[5] - Annual spend per buyer increased to $271 in 2023 from $262 in 2022[18] - Active buyers are defined as those who have ordered a Gig or other services on the platform within the last 12-month period, regardless of cancellations[27] - Spend per buyer is calculated by dividing GMV within the last 12-month period by the number of active buyers as of that date[27] Take Rate and Seller Plus - Take rate rose to 31.3% in Q3 2023, up 130 basis points from 30.0% in Q3 2022[5] - Seller Plus subscribers reached 25,000, contributing to the take rate expansion[3] - Take rate is calculated as revenue for a period divided by GMV for the same period[27] Cash Flow and Operating Activities - Net cash provided by operating activities in Q3 2023 was $23.399 million, up from $5.706 million in Q3 2022[16] Expenses and Compensation - Share-based compensation expenses totaled $17.557 million in Q3 2023, slightly down from $17.612 million in Q3 2022[16] - Non-GAAP research and development expenses decreased to $17.067 million in Q3 2023 from $16.927 million in Q3 2022[24] GMV and Platform Metrics - GMV (Gross Merchandise Value) is defined as the total value of transactions ordered through the platform, excluding VAT, GST, service chargebacks, and refunds[27] Forward-Looking Statements and Risks - Forward-looking statements include expectations for Q4 2023 and fiscal year 2023 financial performance, long-term Adjusted EBITDA margin goals, and AI service developments[33] - Risks to forward-looking statements include political and economic instability, competition, data security, and international expansion challenges[33]

Fiverr International Ltd. (NYSE:FVRR) Citi's 2023 Global Technology Conference September 7, 2023 10:30 AM ET Company Participants Micha Kaufman - Co-Founder and CEO Ofer Katz - President and CFO Conference Call Participants Ronald Josey - Citi Ronald Josey My name is Ron Josey. I cover the Internet sector here at Citi. Can you hear me okay? I feel like there's some issue with the microphone. Okay. So cover the Internet sector here at Citi, and I'm always happy to have with us Micha Kaufman, Ofer here, Ofer ...

Fiverr International Ltd. (NYSE:FVRR) Goldman Sachs Communacopia & Technology Conference Call September 5, 2023 1:50 PM ET Company Participants Micha Kaufman - Founder & Chief Executive Officer Ofer Katz - President & Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Eric Sheridan In the interest of time just because these things going. We'll keep going. Next is the team from Fiverr. It's my pleasure to introduce Micha Kaufman, Founder and CEO; Ofer Katz, President and CFO. ...

Fiverr International Ltd. (NYSE:FVRR) Q2 2023 Earnings Call Transcript August 3, 2023 8:30 AM ET Company Participants Brian Lan - IR Manager Micha Kaufman - Founder and CEO Ofer Katz - President and CFO Conference Call Participants Eric Sheridan - Goldman Sachs Ronald Josey - Citi Doug Anmuth - JPMorgan Andrew Boone - JMP Securities Matthew Farrell - Piper Sandler Jason Helfstein - Oppenheimer Bernie McTernan - Needham & Company Rohit Kulkarni - ROTH MKM Operator Good day and thank you for standing by. Welc ...

Second Quarter 2023 Financial Highlights "We continue to push forward towards executing our long-term strategy and are excited about our recent product launches that we believe will create a step function change in how businesses can engage with freelancers," said Micha Kaufman, founder and CEO of Fiverr. "We have a strong financial profile which allows us to focus on what we do best - creating innovative and elegantly simple products that connect and empower our community while improving the way they work ...