gorodenkoff/iStock via Getty Images Data by YCharts For the most part, many companies have disappointed so far in the Q2 earnings season, but a lot of small and mid-cap companies have managed to buck the recent volatility. Fiverr (NYSE:FVRR) is one of these fortunate names: the freelance marketplace surged nearly 20% after reporting Q2 results, despite barely beating current quarter expectations and similarly barely raising its outlook for the full year. Fiverr has struggled in the post-pandemic era to defe ...

Core Insights - Fiverr's revenue increased by 6% year over year to $94.7 million in Q2 2024 despite macroeconomic challenges [1] - The company acquired AutoDS, enhancing its eCommerce capabilities and introducing a new subscription-based revenue stream [1][4] - Fiverr launched a new profession-based catalog and hourly contracts, aiming to evolve from a marketplace to a comprehensive platform [2] Financial Performance - Fiverr's active buyers decreased by 8% from 4.2 million to 3.9 million, while spending per buyer rose by 10% from $265 to $290 [3] - The company completed a $100 million share buyback program to optimize capital allocation [2] Strategic Initiatives - The acquisition of AutoDS, which manages over 150 million products, supports Fiverr's transition to a platform offering talent and software solutions [4] - Fiverr introduced Neo, an AI-driven tool designed to assist customers in project definition and talent matching, enhancing the user experience [5][6] Market Trends - The global drop-shipping market is projected to grow from $285 billion to over $2 trillion by 2033, presenting significant growth opportunities for Fiverr [4] - Despite a decline in U.S. job openings and weakness in the SMB sector, AI is expected to drive growth for Fiverr, particularly in complex services [6]

Fiverr International Ltd. (NYSE:FVRR) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Jinjin Qian - Executive Vice President, Strategic Finance Micha Kaufman - Co-Founder, Chief Executive Officer and Director Ofer Katz - President and Chief Financial Officer Conference Call Participants Ronald Josey - Citi Bernie McTernan - Needham & Company Jason Helfstein - Oppenheimer & Co. Douglas Anmuth - JPMorgan Andrew Boone - JMP Securities Matt Farrell - Piper Sandler Marvin Fong - BT ...

A quarter ago, it was expected that this online marketplace for freelance services would post earnings of $0.52 per share when it actually produced earnings of $0.52, delivering no surprise. Fiverr, which belongs to the Zacks Internet - Commerce industry, posted revenues of $94.66 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $89.39 million. The company has topped consensus revenue estimates two times over the last four quarters ...

Core Insights - Fiverr has announced the acquisition of AutoDS, a subscription-based solution for dropshippers, enhancing its service offerings and expanding its market reach [1][5] - The acquisition aligns with Fiverr's strategy to transition from a marketplace to a comprehensive platform that provides both talent access and software solutions [2][5] - AutoDS will continue to operate independently while leveraging synergies with Fiverr to enhance growth and service offerings [6][9] Company Overview - Fiverr aims to democratize access to talent and opportunities, serving around 4 million customers globally, including small businesses and Fortune 500 companies [7] - The platform offers over 700 skill categories, ranging from AI and programming to digital marketing and content creation [7] Market Context - The global dropshipping market was valued at USD 285 billion in 2023 and is projected to exceed USD 2 trillion by 2033, indicating significant growth potential in this sector [5] - Fiverr's acquisition of AutoDS brings tens of thousands of dropshippers into its ecosystem, enhancing its existing buyer base in dropshipping and e-commerce [5]

NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Today, Fiverr, the company changing how the world works together, announced its acquisition of AutoDS, which provides a subscription-based end-to-end solution for dropshippers, including product research and sourcing, inventory management, and automated fulfillment. With its expansive global reach and an omni-channel approach, it aggregates over 150 million products and serves tens of thousands of paying subscribers on its platform. AutoDS brings tens of thousands ...

Solid Q2 execution: Revenue came in above the midpoint of our guidance despite macro volatility as we continued to expand customer wallet share and drive take rate increase. We also delivered strong Adjusted EBITDA, near the top end of our guidance, and strong free cash flow as we continued to execute with strong discipline and efficiency. Expanding product portfolio to create strong growth catalysts: Our Summer Product Release includes the launch of a brand new profession-based catalog along with capabilit ...

Solid Q2 execution: Revenue came in above the midpoint of our guidance despite macro volatility as we continued to expand customer wallet share and drive take rate increase. We also delivered strong Adjusted EBITDA, near the top end of our guidance, and strong free cash flow as we continued to execute with strong discipline and efficiency. Expanding product portfolio to create strong growth catalysts: Our Summer Product Release includes the launch of a brand new profession-based catalog along with capabilit ...

For nearly two years, the bulls have been wild on Wall Street. Since the ageless Dow Jones Industrial Average (^DJI -0.12%), benchmark S&P 500 (^GSPC 0.08%), and growth-fueled Nasdaq Composite (^IXIC 0.07%) bottomed out in October 2022, they've all gone on to hit multiple record highs. Let me preface this discussion by stating that it's impossible to concretely predict, with any sustained accuracy over the long haul, when stock market corrections will begin, as well as know ahead of time how far the Dow Jon ...

Analysts on Wall Street project that Fiverr International (FVRR) will announce quarterly earnings of $0.58 per share in its forthcoming report, representing an increase of 18.4% year over year. Revenues are projected to reach $94.69 million, increasing 5.9% from the same quarter last year. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple ...