Fiverr delivered an impressive quarter exceeding revenue and EBITDA expectations, driven by strategic investments in AI and product enhancements. Despite macroeconomic challenges and muted active buyer growth, the company successfully increased spend per buyer and expanded its take rate. The focus on high-value buyers and innovative products positions Fiverr for continued success, although managing convertible note liabilities remains a consideration.

Company Guidance

During the Fiverr Q3 2024 earnings call, the company provided optimistic guidance, highlighting several key metrics. Revenue for the quarter reached $99.6 million, marking an 8% year-over-year increase, with adjusted EBITDA at $19.7 million, representing a margin of 19.7%. Fiverr's take rate improved to 33.9%, up by 260 basis points from the previous year, driven by value-added services such as Promoted Gigs and Seller Plus programs. The company raised its full-year guidance, projecting 2024 revenue between $388 million and $390 million, and adjusted EBITDA in the range of $73 million to $75 million. For Q4, Fiverr expects revenue between $100.2 million and $102.2 million, with an adjusted EBITDA margin of 20.2% at the midpoint. Micha Kaufman, Fiverr's CEO, emphasized the success of their strategy to move upmarket and expand AI-powered services, which has resulted in increased spend per buyer, although active buyer growth remained muted.

Exceeding Revenue and EBITDA Guidance

Fiverr delivered a strong third quarter with revenue of $99.6 million, up 8% year-over-year, and adjusted EBITDA of $19.7 million, exceeding the high end of their guidance range.

Increased Spend per Buyer

Spend per buyer grew by 9% year-over-year to $296, indicating robust growth despite muted active buyer growth.

Strong Take Rate Expansion

The take rate for Q3 was 33.9%, representing a year-over-year improvement of 260 basis points, driven by Promoted Gigs, Seller Plus programs, and AutoDS growth.

Raising Full-Year Guidance

Fiverr raised its full-year 2024 revenue guidance to $388 million to $390 million and expects an adjusted EBITDA of $73 million to $75 million.

Strategic Investments in AI and Product Development

Fiverr is investing in AI-powered experiences and launching new products like Dynamic Matching and Hourly Contracts, enhancing its platform capabilities.

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Fiverr International (FVRR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FVRR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	0.68 / -	0.56	―	―	―
Oct 30, 2024	2024 (Q3)	0.59 / 0.64	0.55	16.36% (+0.09)	―
Jul 31, 2024	2024 (Q2)	0.55 / 0.58	0.49	18.37% (+0.09)	―
May 09, 2024	2024 (Q1)	0.45 / 0.52	0.36	44.44% (+0.16)	―
Feb 22, 2024	2023 (Q4)	0.48 / 0.56	0.26	115.38% (+0.30)	―
Nov 09, 2023	2023 (Q3)	0.44 / 0.55	0.21	161.90% (+0.34)	―
Aug 03, 2023	2023 (Q2)	0.37 / 0.49	0.12	308.33% (+0.37)	―
May 11, 2023	2023 (Q1)	0.24 / 0.36	0.11	227.27% (+0.25)	―
Feb 22, 2023	2022 (Q4)	0.18 / 0.26	0.22	18.18% (+0.04)	―
Nov 09, 2022	2022 (Q3)	0.10 / 0.21	0.19	10.53% (+0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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FVRR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$25.07	$29.16	+16.31%
Jul 31, 2024	$21.89	$26.11	+19.28%
May 09, 2024	$20.32	$22.41	+10.29%
Feb 22, 2024	$25.89	$22.21	-14.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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