Freelancers on Fiverr Have Earned Over 2 Billion Dollars

Rhea-AI Summary

Fiverr (NYSE: FVRR) has reached a significant milestone, with freelancers earning over $2 billion through its platform. This achievement underscores a rapid growth, with half of this amount accrued in just over a year since it previously reported $1 billion in earnings in February 2020. Key high-earning categories include E-Commerce Development, Illustration, Architecture & Interior Design, Voice Over, and Graphics for Streamers, with some services priced over $6,000. The surge in freelancer engagement reflects the growing reliance on freelance talent as businesses adapt to remote work and changing customer needs.

Positive

• Freelancers on Fiverr have collectively earned over $2 billion, indicating strong platform performance.
• Rapid growth with half of the earnings achieved in just over a year.
• High earning potential in categories like E-Commerce Development and Illustration, with prices exceeding $6,000.

Negative

• None.

Fiverr (NYSE: FVRR), the company that is changing how the world works together, today announced that freelancers selling digital services through its platform have collectively earned over two billion dollars. Notably, half of that two billion was earned in just over a year, as in February 2020 it announced that Fiverr freelancers had earned over one billion dollars since the company’s launch a decade prior.

Freelancers on Fiverr Have Earned Over 2 Billion Dollars (Graphic: Business Wire)

“This impressive milestone symbolizes the increase in trust business owners have had working with freelancers over the past year,” said Fiverr Founder & CEO Micha Kaufman. “Fiverr is growing fast, underscoring that businesses see the benefit of integrating freelancers into their organizations, as their agility and skills offer flexible, quick, and cost-effective solutions. Remote work has been the mode of work during the pandemic and because of its success, it is here to stay.”

While the entire Fiverr platform grew immensely over the past year, key categories that saw massive amounts of growth and categories where freelancers are earning the most money include:

• E-Commerce Development
• Illustration
• Architecture & Interior Design
• Voice Over
• Graphics for Streamers

There is a high earning potential among these categories, with sellers charging thousands of dollars for many of their services. Pro Illustration sellers are charging over $6,000 for some services, and in Pro E-Commerce Development sellers are offering services well over $3,000. Similarly, in Architecture & Interior Design, sellers' prices can range from hundreds to over $2,500 depending on the service, and Voice Over sellers charge well into the thousands for audiobooks. With increasing demand for skilled freelancers in Character Modeling and Short Video Ads, the prices are rising here too. This is likely due, in part, to the shutdown of real world video and campaign shoots, as well as the immense rise in popularity of short video clips on TikTok and Reels.

Over the course of the past year, Fiverr saw freelancers joining its platform in record numbers, whether it was to find a new source of income or to simply monetize their skills while spending more time at home. Entrepreneurs continued to tap into freelance talent for help building new companies and small business owners turned to them to digitally transform and adapt to changing customer needs. Working with freelancers has proven to be an invaluable resource for businesses around the world, and the subsequent earnings clearly demonstrate this. In just over one year Fiverr freelancers matched the amount of earnings from the past decade.

About Fiverr

Fiverr’s mission is to change how the world works together. For over 10 years, the Fiverr platform has been at the forefront of the future of work connecting businesses of all sizes with skilled freelancers offering digital services in more than 500 categories, across 9 verticals including graphic design, digital marketing, programming, video and animation. In the twelve months ended March 31, 2021, over 3.8 million customers bought a wide range of services from freelancers across more than 160 countries. We invite you to become part of the future of work by visiting us at fiverr.com, read our blog and follow us on Facebook, Twitter, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210525005118/en/

FAQ

What is Fiverr's stock symbol?

Fiverr's stock symbol is FVRR.

How much have freelancers earned on Fiverr recently?

Freelancers on Fiverr have earned over $2 billion.

What key categories are seeing growth on Fiverr?

Key categories include E-Commerce Development, Illustration, and Architecture & Interior Design.

What milestone did Fiverr achieve in earnings?

Fiverr reached a milestone of over $2 billion in total earnings for freelancers.

How did Fiverr's earnings growth compare over time?

Fiverr freelancers earned $1 billion in the decade prior to reaching $2 billion in just over a year.