Fiverr International (FVRR) has released an update.
Fiverr International kicks off 2024 with robust first-quarter financial results, surpassing revenue and Adjusted EBITDA expectations, driven by strong growth in its Service Provider Business (SPB) and strategic investments in complex service offerings. The company has also signaled confidence in its financial health by announcing a $100 million share repurchase program, while raising the lower end of its full-year guidance for both revenue and Adjusted EBITDA. Despite a challenging hiring environment, Fiverr’s upward trajectory is marked by disciplined execution and strategic investments in AI and upmarket services, aiming for sustained long-term growth.
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