Fiverr(US:FVRR)2023-02-22 12:57Financial Performance & Outlook - Q4 2022 revenue increased by 42% year-over-year to $831 million, driven by growth in active buyers and spend per buyer[3, 10] - Adjusted EBITDA for Q4 2022 was $94 million, representing an 113% Adjusted EBITDA margin[10] - The company is committed to improving Adjusted EBITDA in 2023 and is targeting a long-term Adjusted EBITDA margin of 25%[1, 17] - Revenue guidance for Q1 2023 is $865 - $885 million, representing 0%-2% year-over-year growth, and full year 2023 revenue is projected to be $3500 - $3650 million, a 4%-8% increase year-over-year[27, 88] - Adjusted EBITDA guidance for Q1 2023 is $90 - $105 million, and for full year 2023 is $450 - $550 million[27, 88] Key Metrics - Active buyers grew 1% year-over-year to 43 million in the twelve months ending December 31, 2022[18, 65] - Spend per buyer increased 8% year-over-year to $262 in the twelve months ending December 31, 2022[20, 33] - Take rate increased by 100 bps year-over-year to 302% for the twelve months ended December 31, 2022[3, 41] - Repeat buyers contributed 63% of total revenue on the core marketplace for the twelve months ending December 31, 2022, up from 59% a year ago[2] Strategic Initiatives - The company is focused on improving supply quality, building customer segmentation and conversion funnels, and helping customers complete more complex projects through Fiverr Business offerings[8] - Promoted Gigs revenue grew over 100% year-over-year in 2022, expanding coverage and exposure on the marketplace[9] - The company launched a locally created TV and digital campaign for Germany, focusing on the talent shortage and how Fiverr freelancers can solve it[19]