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 ...

Core Insights - Fiverr International Ltd. reported solid financial results for Q2 2024, with revenue of $94.7 million, a 6% increase year-over-year, and strong Adjusted EBITDA near the top end of guidance [4][3][2] - The company is expanding its product portfolio, including a new profession-based catalog and a subscription-based software business through the acquisition of AutoDS, which is expected to enhance growth potential [1][3] - Fiverr is optimizing its capital allocation strategy, having completed a $100 million buyback program and aiming for a steady increase in free cash flow over the next three years [1][3] Financial Performance - Revenue for Q2 2024 was $94.7 million, compared to $89.4 million in Q2 2023, reflecting a 6% year-over-year growth [4] - Active buyers decreased to 3.9 million from 4.2 million year-over-year, an 8% decline [4] - Spend per buyer increased to $290, up 10% from $265 in the previous year [4] - The take rate improved to 33.0%, a 230 basis point increase from 30.7% [4] - GAAP net income for Q2 2024 was $3.3 million, compared to $0.01 in Q2 2023, while non-GAAP net income rose to $23.8 million from $20.0 million [4] - Free cash flow increased to $20.7 million, a 12.5% rise from $18.4 million in Q2 2023 [4] Strategic Initiatives - The company is focused on moving upmarket and expanding into complex services, which is expected to unlock long-term growth opportunities [1][3] - Fiverr's management reiterated its full-year guidance, raising the bottom end for both revenue and Adjusted EBITDA [1][3] - The introduction of new products and services is aimed at enhancing Fiverr's value proposition to the creator community and increasing market share [1][3] Market Outlook - The outlook for Q3 2024 and the full year 2024 reflects recent trends in the marketplace, indicating a cautious but optimistic approach to future growth [5][6] - The company continues to navigate a volatile SMB and freelancer hiring space while maintaining operational efficiency [3][1]

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 ...

Helping power the gig economy VAL ● Fiverr International Ltd (FVRR) Revenue (Quarterly) 93.52M Fiverr International Ltd (FVRR) Revenue (Quarterly YoY Growth) 6.33% ● Fiverr International Ltd (FVRR) Net Income (Quarterly) 0.788M 93.52M 80.00M 90.00% 60.00M 75.00% 40.00M 60.00% 20.00M 45.00% 30.00% 0.788M -20.00M 15.00% 6.33% -40.00M 0.00 % -15.00% -60.00M 2020 2021 2022 2023 2024 Jul 4, 2024, 4:21 PM EDT Powered by YC H A R T S The Motley Fo Why has the company not been profitable, with gross margins typical ...

Core Insights - Fiverr has launched its first-ever Breakthrough Achievement recognition to honor freelancers who have achieved significant earnings on the platform, specifically those surpassing $1 million and $5 million in lifetime earnings [1][2][4] Company Overview - Fiverr aims to change how the world works together by democratizing access to talent and providing opportunities for freelancers to grow their businesses [5] - The platform has over 4 million customers globally, including small businesses and Fortune 500 companies, utilizing freelance talent to maintain flexible and adaptive workforces [5] Industry Trends - The freelance movement is gaining momentum, with freelancers currently accounting for nearly 20% of an organization's workload and expected to make up half of the workforce by 2027 [2] - Key industries where freelancers are thriving include graphics and design, digital marketing, writing and translation, video and animation, programming and tech, and music and audio [3] Recognition Program Details - The Breakthrough Achievement recognition will be awarded annually, with personalized gold awards for freelancers earning over $1 million and platinum awards for those exceeding $5 million [1][2] - The inaugural recipients of this recognition come from 35 countries and represent various successful career paths, showcasing the diverse opportunities available through Fiverr [3][4] Webinar and Community Engagement - A dedicated webinar will accompany the launch of the Breakthrough Achievement program, featuring successful freelancers sharing insights on building independent careers [4] - The program encourages community engagement through social media, using the hashtag MillionsOnFiverr [4]