NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, Working Not Working Inc., a Fiverr company (NYSE: FVRR) and the leading platform for creative talent discovery, released the top findings from its first ever (un)Happiness Survey to better understand how creatives are really feeling about their jobs at a time when the industry is focused on adopting new technologies and optimizing literally everything except their people. The report, which features survey responses from nearly 1,000 full-time creative profe ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, Working Not Working Inc., a Fiverr company (NYSE: FVRR) and the leading platform for creative talent discovery, released the top findings from its first ever (un)Happiness Survey to better understand how creatives are really feeling about their jobs at a time when the industry is focused on adopting new technologies and optimizing literally everything except their people. The report, which features survey responses from nearly 1,000 full-time creative profe ...

It's not all about "Magnificent Seven." These three under-the-radar bargains are potential market-beaters hiding in plain sight. The world's most prominent technology companies, including Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla, dominated the stock market over the past 18 months. This group, dubbed the "Magnificent Seven," collectively generated remarkable investment returns on their way to trillion-dollar market caps. These companies are leading some of the hottest growth tren ...

The company was busy; it released its second-quarter figures and announced a fresh acquisition. Mixed reactions from pundits to Fiverr International's (FVRR 2.28%) second-quarter results left the company's stock satisfyingly -- if not overwhelmingly -- higher as the trading week came to a close. According to data compiled by S&P Global Market Intelligence, Fiverr's stock price increased by nearly 5% over the period. A bottom-line beat and an acquisition Fiverr's Q2 results revealed growth in key line items. ...

gorodenkoff/iStock via Getty Images Data by YCharts For the most part, many companies have disappointed so far in the Q2 earnings season, but a lot of small and mid-cap companies have managed to buck the recent volatility. Fiverr (NYSE:FVRR) is one of these fortunate names: the freelance marketplace surged nearly 20% after reporting Q2 results, despite barely beating current quarter expectations and similarly barely raising its outlook for the full year. Fiverr has struggled in the post-pandemic era to defe ...

Core Insights - Fiverr's revenue increased by 6% year over year to $94.7 million in Q2 2024 despite macroeconomic challenges [1] - The company acquired AutoDS, enhancing its eCommerce capabilities and introducing a new subscription-based revenue stream [1][4] - Fiverr launched a new profession-based catalog and hourly contracts, aiming to evolve from a marketplace to a comprehensive platform [2] Financial Performance - Fiverr's active buyers decreased by 8% from 4.2 million to 3.9 million, while spending per buyer rose by 10% from $265 to $290 [3] - The company completed a $100 million share buyback program to optimize capital allocation [2] Strategic Initiatives - The acquisition of AutoDS, which manages over 150 million products, supports Fiverr's transition to a platform offering talent and software solutions [4] - Fiverr introduced Neo, an AI-driven tool designed to assist customers in project definition and talent matching, enhancing the user experience [5][6] Market Trends - The global drop-shipping market is projected to grow from $285 billion to over $2 trillion by 2033, presenting significant growth opportunities for Fiverr [4] - Despite a decline in U.S. job openings and weakness in the SMB sector, AI is expected to drive growth for Fiverr, particularly in complex services [6]

A quarter ago, it was expected that this online marketplace for freelance services would post earnings of $0.52 per share when it actually produced earnings of $0.52, delivering no surprise. Fiverr, which belongs to the Zacks Internet - Commerce industry, posted revenues of $94.66 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $89.39 million. The company has topped consensus revenue estimates two times over the last four quarters ...

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 ...

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 ...