Core Insights - Demand for workers with artificial intelligence skills significantly boosted Fiverr's performance in the second quarter, leading to a nearly 15% year-over-year revenue increase [2][3] Company Performance - Fiverr reported a revenue increase of nearly 15% year-over-year, attributed to a "surging demand" for AI-related services, particularly in AI agents and workflow automation [2] - The company's marketplace business experienced a 2% dip in revenue during the quarter [4] AI Integration and Workforce Dynamics - CEO Micha Kaufman highlighted that AI is transforming human-machine interactions, enabling non-technical entrepreneurs to utilize technology effectively [3] - Fiverr's freelancers are described as "AI native," often ahead of full-time workers in adopting new technologies, which enhances their work outputs [4] Market Strategy and Future Outlook - The company is focusing on AI and targeting high-value buyers to mitigate exposure to economically vulnerable segments [5] - Despite the positive outlook regarding AI integration, the company remains cautious about incorporating these expectations into future guidance due to macroeconomic uncertainties [5] Human Oversight in AI Applications - Research indicates that human oversight is essential in AI tasks, with oversight needed 60% to 100% of the time in goods and services companies, and 50% to 100% for more routine functions like email summaries [6]

Core Insights - Fiverr International (FVRR) reported revenue of $108.65 million for the quarter ended June 2025, reflecting a year-over-year increase of 14.8% [1] - Earnings per share (EPS) for the quarter was $0.69, up from $0.58 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $107.67 million by 0.91%, while the EPS fell short of the consensus estimate of $0.72 by 4.17% [1] Financial Performance Metrics - Marketplace Take Rate was 27.6%, slightly below the two-analyst average estimate of 27.7% [4] - Annual Active Buyers reached 3.43 million, compared to the two-analyst average estimate of 3.45 million [4] - Revenue from Services was $33.96 million, surpassing the average estimate of $31.43 million from three analysts [4] - Revenue from Marketplace was $74.69 million, which was below the average estimate of $76.24 million based on three analysts [4] Stock Performance - Fiverr's shares have declined by 15.8% over the past month, while the Zacks S&P 500 composite increased by 3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $108.6 million, representing a 15% year-over-year growth [14] - Adjusted EBITDA for Q2 was $21.4 million, with an adjusted EBITDA margin of 20%, an improvement of 80 basis points from the previous year [14] - Free cash flow totaled $25 million, up 21% year-over-year [14] Business Line Data and Key Metrics Changes - Marketplace revenue was $74.7 million, driven by 3.4 million active buyers and a spend per buyer of $318 [15] - Services revenue reached $34 million, representing a year-over-year growth of 8431% [16] - Over 50% of GMV on the Marketplace came from transactions over $200, indicating a shift towards larger, more complex projects [16] Market Data and Key Metrics Changes - Strong demand for AI-related services was noted, with categories such as AI agents and workflow automation experiencing five to tenfold growth over the past six months [6][75] - The company is seeing robust growth in key verticals such as programming and tech, digital marketing, and video animation [5][64] Company Strategy and Development Direction - The company is focused on leveraging AI to enhance its marketplace, with plans to integrate Fiverr's talent network into AI-driven workflows [9] - Fiverr aims to expand its value-added services and maintain a balanced approach between growth and profitability [15] - The company is committed to reaching a 25% adjusted EBITDA margin by 2027 and achieving a 40% CAGR in free cash generation for the three years ending in 2027 [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the structural tailwinds within the marketplace segment, particularly around AI and upmarket adoption, which are expected to offset broader economic headwinds [16] - The company reiterated its revenue and adjusted EBITDA guidance for the full year 2025, expecting revenue to be in the range of $425 million to $438 million [17] Other Important Information - The company is actively exploring strategic partnerships to enhance its AI capabilities and improve customer experiences [58] - Fiverr Go, an AI assistant for freelancers, has shown strong engagement and conversion uplift [12] Q&A Session Summary Question: What key investments are needed to unlock continued scaling of service revenue? - Management expects service revenue to continue growing at a healthy double-digit rate, driven by value-added services and synergies between AutoDS and Fiverr [23] Question: Can you elaborate on the managed services offering and the progress in upmarket strategy? - Managed services are part of the upmarket strategy, with over 50% of business coming from transactions over $200, indicating a shift towards more sophisticated customer needs [28] Question: How is the balance of supply and demand in the marketplace? - The company is in a good position regarding supply and demand, with AI-native freelancers enhancing service offerings [36] Question: What is the outlook for marketplace growth? - Management believes that efforts around AI and upmarket strategies will lead to growth, even without macroeconomic improvements [38] Question: How does AI impact entry-level jobs and demand for Fiverr services? - AI is elevating the capabilities of entry-level workers, allowing them to perform more complex tasks, which benefits Fiverr's service offerings [42] Question: Can you provide insights on the mix of recurring versus transactional revenue in services? - Services revenue is primarily from promoted gigs, Seller Plus, and AutoDS, with ongoing momentum in all areas [46] Question: What is the visibility on marketplace growth and the mix shift between complex and simple services? - Management is optimistic that the mix shift towards complex services will eventually lead to marketplace growth, despite current macroeconomic conditions [54]

分组1 - Fiverr International reported quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.72 per share, but showing an increase from $0.58 per share a year ago, resulting in an earnings surprise of -4.17% [1] - The company posted revenues of $108.65 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.91%, and compared to year-ago revenues of $94.66 million [2] - Fiverr shares have declined approximately 21.2% since the beginning of the year, contrasting with the S&P 500's gain of 8.3% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.72 on revenues of $108.88 million, and for the current fiscal year, it is $2.82 on revenues of $433.23 million [7] - The Zacks Industry Rank indicates that the Internet - Commerce sector is currently in the bottom 41% of over 250 Zacks industries, suggesting potential underperformance compared to the top 50% of ranked industries [8]

Core Viewpoint - Fiverr International Ltd. reported strong financial results for Q2 2025, highlighting the significant impact of AI on its business model and growth strategy [2][4]. Financial Performance - Revenue for Q2 2025 was $108.6 million, a 14.8% increase from $94.7 million in Q2 2024 [5]. - Marketplace revenue decreased by 2.0% year-over-year to $74.7 million, down from $76.2 million [5]. - Services revenue surged by 83.8% year-over-year to $34.0 million, compared to $18.5 million in Q2 2024 [5]. - Annual active buyers decreased by 10.9% to 3.4 million as of June 30, 2025, down from 3.8 million [5]. - Annual spend per buyer increased by 9.8% to $318, up from $290 [5]. - GAAP net income for Q2 2025 was $3.2 million, compared to $3.3 million in Q2 2024 [5]. - Non-GAAP net income rose to $27.4 million, up from $23.8 million in the same quarter last year [5]. Operational Highlights - The company emphasized the rapid expansion of AI-related services, particularly in areas like AI agents and workflow automation [4]. - Fiverr Pro's Managed Services showed meaningful growth, driven by high-value transactions and repeat clients [4]. - The company reiterated its full-year guidance for revenue and Adjusted EBITDA, reflecting confidence in its operational execution [4][7]. Financial Outlook - For Q3 2025, Fiverr expects revenue between $105 million and $110 million, representing a year-over-year growth of 5% to 10% [8]. - Full-year 2025 revenue guidance is set between $425 million and $438 million, with a growth expectation of 9% to 12% [8]. - Adjusted EBITDA for Q3 2025 is projected to be between $21.5 million and $23.5 million, with full-year guidance of $84 million to $90 million [8].

Core Insights - Fiverr has launched a new brand campaign promoting "vibe coding," which allows individuals without coding experience to create websites and apps with the help of expert freelancers [2][3][5] - The campaign emphasizes the importance of human expertise in transforming ideas into functional products, highlighting that while AI can assist in the process, it cannot replace skilled developers [6][5] Group 1: Vibe Coding Services - Fiverr's vibe coding services enable solopreneurs, small business owners, and startup founders to turn their ideas into monetized products with support from freelancers [2][5] - Services include deployment support, bug fixing, backend integration, design improvements, and API integration, ensuring projects are production-ready [2][5] Group 2: Campaign Messaging - The campaign features a humorous narrative using a singing avocado to illustrate the pitfalls of relying solely on AI for app development, showcasing the need for human intervention [3][4] - The ad serves as a metaphor for the gap between appearance and reality in vibe-coded apps, which may seem ready but often face technical challenges [4][5] Group 3: Company Background - Fiverr aims to transform the way the world creates and collaborates, connecting top talent with businesses globally [7] - The platform offers a wide range of services across various industries, including software development, digital marketing, and business consulting, catering to both small businesses and Fortune 500 companies [8]

Group 1 - Fiverr International's stock closed at $26.65, reflecting a +2.03% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.78% [1] - Prior to the recent trading session, Fiverr's shares had decreased by 10.91%, underperforming the Retail-Wholesale sector's gain of 5.49% and the S&P 500's gain of 5.88% [1] Group 2 - Fiverr International is set to release its earnings report on July 30, 2025, with an expected EPS of $0.72, representing a 24.14% increase year-over-year, and anticipated revenue of $107.67 million, indicating a 13.74% rise from the same quarter last year [2] - For the full year, analysts expect earnings of $2.82 per share and revenue of $433.23 million, reflecting changes of +18.49% and +10.67% respectively from the previous year [3] Group 3 - Recent adjustments to analyst estimates for Fiverr International suggest a positive outlook, indicating analysts' confidence in the company's performance and profit potential [4] - The Zacks Rank system, which evaluates estimated changes, currently ranks Fiverr International as 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] Group 4 - Fiverr International has a Forward P/E ratio of 9.28, which is significantly lower than the industry average Forward P/E of 22.7, indicating that Fiverr is trading at a discount compared to its peers [7] - The Internet - Commerce industry, which includes Fiverr, holds a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7]

Core Viewpoint - Fiverr International Ltd. is set to release its second quarter financial results for the period ending June 30, 2025, on July 30, 2025, before market opening, followed by a conference call to discuss the results [1] Group 1: Financial Results Announcement - The financial results will be announced before the market opens on July 30, 2025 [1] - A conference call and webcast will take place at 8:30 a.m. ET on the same day to discuss the business and financial results [1][4] - Prior to the conference call, Fiverr will issue a press release and post a shareholder letter on its investor relations website [1] Group 2: Company Overview - Fiverr's mission is to transform the way the world creates and works together, connecting top talent and technology with businesses globally [2] - The platform offers services from expert freelancers across over 750 skilled categories, including software and AI development, digital marketing, and more [3] - Fiverr aims to help businesses complete mission-critical projects quickly and cost-effectively [2][3]

Group 1: Block - Block's shares have declined 20% year to date due to disappointing financial results, but there are reasons to remain bullish on the stock [3][6] - The company has launched Square Handheld, a portable POS device that includes functions beyond payment processing, enhancing its seller ecosystem [4] - Block's Cash App ecosystem is strong, with 57 million transacting actives, providing significant growth potential through cross-selling [5] - The company's forward price-to-sales ratio is 1.7, indicating it may be undervalued despite risks associated with its Bitcoin investments [6][7] Group 2: Fiverr - Fiverr's revenue continues to grow, and the company has turned a profit despite a cooling demand for its services post-pandemic [8] - The gig economy is expected to expand, and Fiverr, as a leading platform, is well-positioned to benefit from this trend [10][11] - Fiverr estimates a $247 billion addressable market in the U.S., and capturing even 1% could lead to consistent top-line growth from its current revenue of $405.14 million [12]

Company Overview and Financial Performance - Fiverr's mission is to change how the world works together[11] - In 2024, Fiverr's revenue reached $391.5 million, with an adjusted EBITDA margin of 19% and GMV of $1.1 billion[12] - This is a significant increase from 2019, where revenue was $107.1 million, with an adjusted EBITDA margin of 16.8% and GMV of $293.5 million[12] Market Opportunity and Business Model - Fiverr estimates a $247 billion U S addressable market across creative, technical, and professional services[27] - The company operates with a marketplace take rate of 27.7% as of Q1 2025[96] - 68% of revenue in 2024 came from repeat buyers[63] Growth Strategies and Future Outlook - Strategic priorities include going upmarket, expanding services, and investing in AI to drive double-digit revenue growth in 2025[55] - The company is targeting a 25% adjusted EBITDA margin by 2027[78] - Fiverr aims to generate $300 million in cumulative free cash flow between 2025 and 2027, representing a 14% free cash flow CAGR from 2024 to 2027[78] Q1 2025 Financial Results - Marketplace revenue for Q1 2025 was $77.7 million with 3.536 million annual active buyers[96] - Services revenue for Q1 2025 was $29.5 million[96]