Fiverr International (FVRR) reported $91.5 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.1%. EPS of $0.56 for the same period compares to $0.26 a year ago.The reported revenue represents a surprise of -0.95% over the Zacks Consensus Estimate of $92.38 million. With the consensus EPS estimate being $0.52, the EPS surprise was +7.69%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Fiverr International (FVRR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this online marketplace for freelance services would post earnings of $0.49 per share when it actually produced earnings of $0.55, delivering a surprise of 12.24%.Ove ...

Fiverr (NYSE: FVRR) stock price will be in the spotlight after the company published its fourth-quarter financial results. It rose modestly by 4% in extended hours even though it remains much lower than its all-time high of $335. In other words, $1,000 invested in the company at its peak in $2021 is now worth just $74. Fiverr earningsCopy link to sectionFiver, the freelancer marketplace, published mild financial results on Wednesday. Its quarterly revenue rose by 10% in the fourth quarter to $91.5 million.  ...

Fiverr International Ltd. (FVRR) is set to report fourth-quarter 2023 results on Feb 22.For the fourth quarter, the company expects revenues of $88.1-$95.1 million, indicating year-over-year growth of 6-14%. The Zacks Consensus Estimate for the same is pegged at $92.4 million, suggesting a rise of 11.1% from the prior-year quarter’s reported number.The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 52 cents per share, indicating a jump from the prior-year quarter’s reported figure of 26 c ...

Financial Performance - The company reported a significant increase in active buyers, reaching a total of 4.2 million, representing a 15% year-over-year growth[24] - Gross Merchandise Value (GMV) for the fiscal year was $1.2 billion, up 20% compared to the previous year[24] - The average spend per buyer increased to $285, reflecting a 5% increase from the prior year[28] - The company reported a net income of $100 million for the fiscal year, a 10% increase from the previous year[24] - In 2023, the company incurred an operating loss of $15.1 million but achieved a net income of $3.7 million, indicating a potential for future profitability if revenue growth continues[45] Revenue Growth and Projections - The company's take rate for the year was 28%, consistent with the previous year, indicating stable revenue generation[28] - Future guidance projects revenue growth of 25% for the next fiscal year, targeting $1.5 billion in total revenue[31] - The company plans to enhance its marketing strategy, increasing marketing spend by 15% to drive user acquisition[31] Market Expansion and Strategy - Market expansion efforts include entering three new international markets, aiming to increase global user base by 30%[31] - A strategic acquisition of a smaller tech firm is expected to close in Q2 2024, which will enhance service offerings[31] - The company is investing in new product development, with a budget allocation of $50 million for technology enhancements in the upcoming year[31] Competitive Landscape - The company faces significant competition, which may weaken its market position and adversely affect its results of operations[39] - Local competitors may have greater brand recognition and a stronger understanding of local markets, posing challenges as the company expands internationally[56] - The company faces significant competition from both online and offline platforms, which could adversely affect its market position and results of operations[55] User Engagement and Experience - The company must continuously improve the quality of its platform to attract and retain buyers and freelancers, as user experience is critical to engagement[51] - The demand for skills and services on the platform, as well as buyer spending patterns, significantly influence the company's operating results[97] - The company is focused on constant innovation, utilizing proprietary machine learning algorithms to personalize user experience and improve service quality[215] Regulatory and Compliance Risks - Compliance with stringent data protection regulations, such as the GDPR, could lead to significant penalties and operational changes for the company[69] - The California Consumer Privacy Act (CCPA) imposes new operational requirements and potential liabilities, with fines up to $7,500 per intentional violation[70] - The company faces risks related to compliance with international laws, including privacy and data protection regulations, which could lead to penalties[96] - The company is subject to evolving laws and regulations that may impact its business operations, particularly in relation to artificial intelligence[99][103] Operational Challenges - The company incurred net losses in the past and may not generate sufficient revenue to achieve or maintain profitability in the future[45] - The company must effectively manage international expansion risks to ensure continued growth in its business[34] - International expansion is crucial for growth, but it poses significant management challenges and requires substantial investment[91] Economic and Market Conditions - Adverse macroeconomic conditions, including inflation and geopolitical risks, have negatively impacted consumer and business spending, which could affect demand for the company's services[39] - Political and economic conditions, such as conflicts in Russia and Ukraine or Israel and Hamas, may limit the company's ability to provide services in affected regions[140] Financial and Tax Considerations - The company reported marketable securities totaling $476.1 million as of December 31, 2023, highlighting its substantial liquid investment portfolio[152] - The U.S. Inflation Reduction Act of 2022 introduced a 15% corporate minimum tax, which may affect the company's future income tax provision[158] - The standard corporate tax rate for Israeli companies in 2023 was 23%, and tax benefits may be terminated or reduced if certain conditions are not met[194] Technology and Cybersecurity - The company has experienced cybersecurity incidents in the past and anticipates an increase in frequency and impact of such incidents due to evolving threats[62] - The effectiveness of the company's technology relies heavily on the collection and protection of user data, which is subject to changing regulations and compliance challenges[67] Shareholder and Capital Structure - The company has 38,653,958 ordinary shares outstanding as of December 31, 2023[170] - The company may need to raise additional funds to finance future capital needs, which could dilute the value of outstanding ordinary shares[166] - The market price of ordinary shares could decline due to substantial sales by the company or shareholders[170] Legal and Liability Risks - The company may incur liabilities from content published on its platform, which could lead to significant legal costs if claims arise[146] - The company may face claims for remuneration or royalties for service invention rights from employees, which could lead to litigation and negatively impact its business[119] Miscellaneous - The company was incorporated in Israel under the Companies Law in April 2010, with its principal executive office located in Tel Aviv[207] - The company has over 700 categories of productized service listings, referred to as Gigs, which include a clearly defined scope, duration, and price[211]

Exhibit 99.1 Fiverr Announces Fourth Quarter and Full Year 2023 Results NEW YORK, Feb 22, 2024 - Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, today reported financial results for the fourth quarter and full year 2023. 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. "We are pleased to deliver strong results for 2023 with both r ...

There's no need for a visit to a theme park when you're an investor in the stock market -- at least since this decade began. Over the previous four years, all three major stock indexes have traded off bear and bull markets in successive years. It's been a dizzying ride at times that demonstrates the unpredictability of short-term moves in the stock market.But it's also an excellent reminder that Wall Street is a bona fide wealth-building machine over the long run. Even though the Dow Jones Industrial Averag ...

I love it when the stock market as a whole reaches the wrong conclusions about a perfectly healthy business. The buying windows opened up by these mistakes can be launching pads for wealth-building investments in the long run.Fiverr's stalled growth engine is gearing up againWith that money-making idea in mind, let's take a look at Fiverr International (FVRR -2.21%).The freelance services wrangler endured a bit of a slowdown from 2021 to 2023, but the growth story never ended and Fiverr is back to double-di ...

Fiverr International (FVRR -5.57%) was one of the hottest growth stocks of 2020 and 2021. The Israel-based gig economy marketplace's shares closed at a record high of $323.10 on Feb. 12, 2021 -- up by a whopping 1,439% from its IPO price of $21 on June 19, 2019.At the time, Fiverr's business was firing on all cylinders as the pandemic drove more companies to make use of remote freelance workers. But its growth pace cooled off as the pandemic's social-distancing phase passed, and the macroeconomic headwinds ...

Analysts on Wall Street project that Fiverr International (FVRR) will announce quarterly earnings of $0.52 per share in its forthcoming report, representing an increase of 100% year over year. Revenues are projected to reach $92.38 million, increasing 11.1% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a compa ...