Summary of Fiverr International Ltd. Conference Call Company Overview - **Company**: Fiverr International Ltd. (NYSE:FVRR) - **Event**: JPMorgan's 50th Annual Global Technology, Media and Communications Conference - **Date**: May 23, 2022 - **Participants**: Micha Kaufman (Co-Founder and CEO), Ofer Katz (President and CFO) Key Industry Insights - **Freelancing Growth**: Freelancing has grown significantly, from approximately 28% of the U.S. workforce in 2010 to over 40% currently, with projections suggesting it could reach 50% by 2030 [3][5] - **Pandemic Impact**: The pandemic accelerated the shift to online freelancing, as offline work became impossible during lockdowns, leading to a surge in online platforms like Fiverr [4][5] - **Talent Cloud Concept**: Fiverr is developing a "talent cloud" to simplify access to freelancers, similar to the transition seen in cloud computing [9] Company Performance and Trends - **Customer Base**: Over 4 million customers have utilized Fiverr's services across more than 550 categories, with freelancers from over 160 countries [1] - **Supply vs. Demand**: Fiverr is more constrained by customer demand than by talent supply, with a surplus of freelancers joining the platform during the pandemic [11][12] - **Active Buyer Dynamics**: The company has 4.2 million active buyers, with approximately half being U.S. SMBs. There is significant room for growth given the 30 million active SMBs in the U.S. [24][25] Financial Performance - **Revenue Guidance**: Fiverr expects revenue growth between 16% to 23% for the year, reflecting current market uncertainties and economic conditions [20] - **Gross Margins**: The company maintains gross margins above 80%, with expectations for stability despite fluctuations [36] - **Take Rate**: Fiverr's base fee is 25.5%, with total take rates approaching 30% due to value-added services [32][34] Market Challenges - **Macro Environment**: The company has experienced a slowdown in activity, particularly in Europe, due to factors like inflation, rising interest rates, and geopolitical instability [16][18] - **Cohort Behavior**: There is a noted softness in new and repeat customer activity, but overall cohort behavior remains better than pre-pandemic levels [17][19] Strategic Initiatives - **Fiverr Business**: The company is focusing on expanding its Fiverr Business product, which currently contributes over 5% of revenue, with expectations for significant growth in the coming years [26][28] - **Investment Philosophy**: Fiverr is committed to long-term growth and continues to invest in product development despite current market challenges, aiming to emerge stronger post-uncertainty [38][39] Additional Insights - **Churn and Customer Retention**: The company is optimistic about maintaining customer retention and acquiring new cohorts, with a focus on high-value buyers [42][44] - **Future Outlook**: Fiverr's leadership expresses confidence in the company's fundamentals and growth potential, despite current market headwinds [44]

fiverr. | 2022 F I V E R R . C O M Q1 | 2022 Shareholder Letter 1 Jeffrey Orkin, Buyer Founder and Owner Greener Roots Farm Nashville, TN | --- | --- | |-----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Fiverr International Ltd. (NYSE:FVRR) Q1 2022 Results Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Jinjin Qian - Vice President, Strategic Finance Micha Kaufman - Founder and Chief Executive Officer Ofer Katz - President & Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Jason Helfstein - Oppenheimer Matthew Farrell - Piper Sandler Andrew Boone - JMP Securities Bradley Erickson - RBC Capital Markets Eric Sheridan - Goldman Sachs Operator Hello, everyone ...

Exhibit 99.1 Fiverr Announces First Quarter 2022 Results NEW YORK, May 11, 2022 - Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, today reported financial results for the first quarter of 2022. Complete operating results and management commentary can be found in the Company's shareholder letter which is posted to its investor relations website at investors.fiverr.com. "Millions of businesses continue to turn to Fiverr to find a freelancer, as they enjoy the ...

fivenr. F I V E R R . C O M Q4 | 2021 Shareholder Letter 1 Michael Chagala, Seller Digital Marketing Expert San Diego, CA | --- | --- | |----------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Fiverr International Ltd. (NYSE:FVRR) Q4 2021 Earnings Conference Call February 17, 2022 8:30 AM ET Company Participants Jinjin Qian - Vice President, Strategic Finance Micha Kaufman - Founder and Chief Executive Officer Ofer Katz - President & Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Matt Farrell - Piper Sandler Eric Sheridan - Goldman Sachs Andrew Boone - JMP Securities Jason Helfstein - Oppenheimer Bernie McTernan - Needham & Co Brad Erickson - RBC Capital Markets Oper ...

"We live in a dynamic and ever evolving work environment in which the world has embraced the vision Fiverr had 12 years ago. This vision continues to drive our innovation and product roadmap as we lead the labor market transformation for customers on both sides of our marketplace," said Micha Kaufman, founder and CEO of Fiverr. "Our perpetual focus on our community and improving our platform has allowed us to deliver a strong finish to 2021 and exceptional retention trends. As we continue to build on our st ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 001-38929 (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 202 ...

fiverr. Q3 | 2021 Shareholder Letter F I V E R R . C O M Q3 | 2021 Shareholder Letter 1 Julia Gerlach, Buyer Business Development Manager Westwing Home & Living Munich, Germany Photograph by Marcel Langer On the cover: JULIA GERLACH, Buyer Business Development Manager Westwing Home & Living Munich, Germany Julia is a business development manager at Westwing Home & Living (WEW.F, an e-commerce platform offering home decor and furnishing products. Julia turned to Fiverr in June 2020 when she was looking to ex ...

fivenr. Shareholder Letter F I V E R R . C O M Q2 | 2021 Shareholder Letter 1 Georgia Austin, Seller Copywriter and Entrepreneur United Kingdom On the cover: GEORGIA AUSTIN, Seller Copywriter and Entrepreneur United Kingdom Georgia is a marketing professional and founder and CEO of her copywriting agency Wizard of Content. She is also a seller on Fiverr providing copywriting services including website content, product descriptions, blog posts, and SEO landing pages. Georgia joined Fiverr in March 2020 when ...