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Fiverr(FVRR) - 2024 Q4 - Earnings Call Transcript
2025-02-19 15:23
Financial Data and Key Metrics Changes - Revenue for Q4 2024 was $103.7 million, up 13% year-over-year, accelerating from 8% growth in Q3 2024 [25] - Adjusted EBITDA for Q4 was $20.7 million, with an adjusted EBITDA margin of 20%, an improvement of 240 basis points from a year earlier [25][26] - For the full year 2024, Marketplace revenue was $303.1 million, with a 27.6% take rate [28] - Services revenue was $88.4 million, representing year-over-year growth of 62% and contributing 23% to total revenue [30] Business Line Data and Key Metrics Changes - Marketplace revenue growth is expected to be muted in 2025 due to macroeconomic conditions, but larger projects are showing robust growth [29] - Services revenue is anticipated to continue growing at a healthy double-digit rate, with contributions to total revenue expected to exceed 30% in 2025 [31] Market Data and Key Metrics Changes - The number of annual active buyers was 3.6 million, with an annual spend per buyer of $302 [28] - Buyers spending over $10,000 showed resilient growth, while overall active buyers did not grow due to macro headwinds [28] Company Strategy and Development Direction - The company aims to pursue quality of revenue and upmarket opportunities in the Marketplace segment while expanding offerings in the Services segment [8] - Fiverr Go was launched as an open platform for personalized AI tools, designed to empower freelancers and reshape the power dynamic between creators and AI [13][14] - The Freelancer Equity Program was introduced to give top-performing freelancers equity shares in Fiverr, fostering loyalty and engagement [22][114] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning for 2025, despite macroeconomic challenges [7][26] - The company believes that a macro rebound will eventually benefit Marketplace revenue growth [29] - Management highlighted the importance of maintaining a talent-focused approach and empowering freelancers amid economic pressures [10][12] Other Important Information - Fiverr hosted about 100 community events in 2024, with over 100,000 registrations, emphasizing its commitment to the freelancer community [11] - The company is focused on optimizing the quality of revenue and expanding into larger buyers and complex projects [26] Q&A Session Summary Question: How will Fiverr Go help conversion and what is the impact on margins? - Fiverr Go is designed to enhance conversion by providing instant responses to customer inquiries, which is crucial for conversion rates [37] - Investments in Fiverr Go will continue, but guidance reflects expected improvements in EBITDA despite these investments [42] Question: Will Fiverr Go expand to all categories? - Currently, Fiverr Go operates in 60 categories, with plans to expand further as technology develops [48][50] Question: What drives higher spend per buyer in newer cohorts? - Factors include quality improvements, complex projects handled by Dynamic Matching, and a focus on high-value buyers [56] Question: How does Fiverr Go impact pricing and deflationary aspects? - Fiverr Go allows freelancers to maintain control over pricing, ensuring that human involvement remains integral to the creative process [102] Question: What is the outlook for Services revenue and advertising? - Services revenue is expected to grow significantly, with advertising products evolving and providing additional monetization opportunities [100] Question: Is there seasonality in Services revenue? - Services revenue is expected to exhibit flat behavior throughout the year, with no significant seasonality identified [107]
Fiverr International (FVRR) Q4 Earnings Miss Estimates
ZACKS· 2025-02-19 13:06
Fiverr International (FVRR) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.25%. A quarter ago, it was expected that this online marketplace for freelance services would post earnings of $0.62 per share when it actually produced earnings of $0.64, delivering a surprise of 3.23%.Ove ...
Fiverr International Revenue Triumphs
The Motley Fool· 2025-02-19 13:03
Fiverr International posted strong Q4 revenue growth, but challenges in marketplace engagement continue.Fiverr International (FVRR -0.90%), a leading online services marketplace, announced its fourth-quarter 2024 earnings on February 19, 2025.The report highlighted a revenue surpassing expectations while underscoring challenges within its core business. The company reported revenue of $103.7 million, exceeding analyst estimates of $101 million and surpassing the management's guidance range. However, the adj ...
Fiverr(FVRR) - 2024 Q4 - Annual Report
2025-02-19 11:00
Exhibit 99.1 Fiverr Announces Fourth Quarter and Full Year 2024 Results NEW YORK, February 19, 2025 - 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 2024. Additional 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. ● Delivered an outstanding year of growth and profitabi ...
Fiverr Unveils Fiverr Go, a Visionary AI Platform that Puts Creators Front and Center
Newsfilter· 2025-02-18 18:00
NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Fiverr (NYSE:FVRR) today announced the launch of Fiverr Go, a groundbreaking AI platform that fundamentally reimagines the relationship between human creativity and artificial intelligence. As AI increasingly harvests creative work without compensation or recognition, Fiverr Go introduces a sustainable, human-centric model that protects and amplifies creator rights while helping them scale their businesses. In an era where AI tools often exploit human creativity w ...
Fiverr to Unveil a Transformative New Era of Work in Live Broadcast from New York City on February 18, 2025
Globenewswire· 2025-02-14 21:29
The public can watch the global livestream at 11 a.m. ETNEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- The world of talent is evolving and Fiverr (NYSE: FVRR), the global company changing the way the world works together, will be broadcasting live to the public from New York City to unveil a transformative new era of work. The livestream will feature an exclusive keynote from Fiverr’s founder and CEO, Micha Kaufman, followed by an insightful conversation on what’s ahead. Livestream Details When: Tuesday, Febru ...
Fiverr (FVRR) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2025-02-13 15:16
Core Insights - Fiverr International (FVRR) is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year increase of 23.2% [1] - Revenue projections stand at $101.26 million, which is a 10.7% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the past 30 days, indicating stability in analyst projections [1] Earnings Projections - Revisions to earnings projections are crucial for predicting investor behavior and stock performance [2] - Empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [2] Analyst Forecasts - Analysts estimate a 'Take Rate' of 35.1%, up from 31.8% in the previous year [4] - The number of 'Active buyers' is projected to be 3.66 million, down from 4.1 million in the same quarter last year [4] - The consensus estimate for 'Spend per buyer' is $302.83, compared to $278 a year ago [4] Stock Performance - Fiverr shares have changed by -0.5% in the past month, while the Zacks S&P 500 composite has moved up by +3.9% [5] - Fiverr holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market [5]
Fiverr International (FVRR) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-02-12 00:01
Fiverr International (FVRR) closed the latest trading day at $31.55, indicating a -1.71% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq depreciated by 0.36%.Shares of the online marketplace for freelance services have appreciated by 0.53% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 9.07% and the S&P 500's gain of 4.19%.The investmen ...
Fiverr International (FVRR) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-02-06 00:06
Fiverr International (FVRR) closed at $30.68 in the latest trading session, marking a -0.32% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.39%. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 0.2%.The online marketplace for freelance services's shares have seen a decrease of 7.9% over the last month, not keeping up with the Retail-Wholesale sector's gain of 8.29% and the S&P 500's gain of 1.7%.Investors will be ...
2025 Winter Product Release: Fiverr Strengthens Its Upmarket Expansion by Introducing New Subscription Plans for Fiverr Pro and New Ways for Businesses to Collaborate and Scale
Newsfilter· 2025-02-05 14:02
NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Fiverr (NYSE:FVRR), today announced a slew of new updates from its 2025 Winter Product Release to support growing businesses and freelancers while giving them even more flexibility and control over the way they work. The Fiverr we know today is a culmination of years of understanding what businesses and freelancers need to thrive," said Micha Kaufman, CEO and Founder of Fiverr. "Over the years, Fiverr has become more than a marketplace for small digital services a ...