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]

Company Performance - Fiverr reported quarterly earnings of $0.58 per share, matching the Zacks Consensus Estimate, and an increase from $0.49 per share a year ago [6] - The company posted revenues of $94.66 million for the quarter ended June 2024, slightly missing the Zacks Consensus Estimate by 0.03%, but showing growth from $89.39 million year-over-year [1] - Over the last four quarters, Fiverr has surpassed consensus EPS estimates two times [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $97.94 million, and for the current fiscal year, it is $2.31 on revenues of $384.67 million [11] - The estimate revisions trend for Fiverr is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [3] Industry Context - The Internet - Commerce industry, to which Fiverr belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [4] - BigCommerce, another company in the same industry, is expected to report quarterly earnings of $0.03 per share, reflecting a year-over-year change of +250% [12] Stock Performance - Fiverr shares have declined approximately 19.6% since the beginning of the year, contrasting with the S&P 500's gain of 14% [9] - The sustainability of Fiverr's stock price movement will largely depend on management's commentary during the earnings call [8]

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]

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 ...

These stocks are trading on sale, but a closer look from investors is warranted. Whether you're new to investing or have been in the stock market for a while, it's always a good time to put cash to work into quality businesses. Finding the right stocks for your portfolio takes time, research, and patience, and great returns don't usually happen overnight. If you're looking to put some of your hard-earned savings into stocks this month and have a smaller wad of cash, like $200, to invest, here are two top st ...

What: Fiverr's Second Quarter 2024 Financial Results Conference Call When: July 31, 2024, at 8:30 a.m. ET Registration: To participate in the Conference Call, please register at the link here Webcast: A live and archived webcast of the conference call will be accessible from the investor relations section of the Company's website at, https://investors.fiverr.com. Fiverr's mission is to change how the world works together. We exist to democratize access to talent and to provide talent with access to opportun ...

Conference Call and Webcast Details About Fiverr Don't get left behind - come be a part of the future of work by visiting fiverr.com, read our blog and follow us on X, Instagram, and Facebook. Press: Siobhan Aalders press@fiverr.com NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, today announced it will release second quarter financial results for the period ended June 30, 2024, before the market opens on Wednesda ...