Core Insights - Fiverr International Ltd. reported a 10.1% year-over-year revenue growth for 2025, reaching $430.9 million, while maintaining a strong Adjusted EBITDA margin of 21.3% [4][10] - The company is undergoing a transformation plan to enhance its marketplace capabilities, focusing on high-value projects and aligning its leadership structure to support scalability [2][4] - The CEO emphasized the importance of human talent in an increasingly AI-driven economy, positioning Fiverr as a bridge between businesses and exceptional talent [2] Financial Performance - Fourth quarter revenue for 2025 was $107.2 million, a 3.4% increase from $103.7 million in Q4 2024 [5] - Annual active buyers decreased by 13.6% to 3.1 million, while annual spend per buyer increased by 13.3% to $342 [5][17] - Services revenue grew significantly by 50.9% year-over-year to $133.4 million, while marketplace revenue declined by 1.8% to $297.5 million [10][17] Operational Highlights - The company saw a 22.8% growth in GMV from transactions over $1,000, indicating a shift towards more complex projects [4] - Adjusted EBITDA for Q4 2025 was $26.5 million, with an Adjusted EBITDA margin of 24.7%, reflecting a 470 basis points improvement year-over-year [5] - The transformation plan initiated in September aims to enhance trust, quality, and AI-native capabilities, with expected measurable progress in the next four to six quarters [4] Leadership Changes - Ofer Katz continues as President while Esti Levy Dadon has been promoted to CFO, focusing on strategic investments and M&A efforts [11] - Jinjin Qian has been appointed as Chief Business Officer, overseeing revenue and business operations [11] Future Outlook - For Q1 2026, revenue guidance is set between $100 million and $108 million, with full-year 2026 guidance ranging from $380 million to $420 million, reflecting uncertainty due to the ongoing transformation [7][8] - The company is prioritizing product innovation and platform re-architecture investments while maintaining a disciplined capital allocation strategy [2][4]

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].