Welcome to our dedicated page for Fiverr International Ltd. news (Ticker: FVRR), a resource for investors and traders seeking the latest updates and insights on Fiverr International Ltd. stock.
Fiverr International Ltd. (NYSE: FVRR) is pioneering the future of work by leading the freelance economy online. Established in 2010, Fiverr operates from key global locations including New York City, Chicago, Miami, San Francisco, and Tel Aviv, and has emerged as the world's largest and most transacted marketplace for digital services.
Fiverr's platform allows buyers to procure a wide range of digital services with ease and efficiency. By offering a horizontal marketplace, Fiverr provides nearly any digital service through a seamless, one-click purchase process, eliminating the need for negotiations over deliverables or prices. Users can choose from an extensive catalog of pre-packaged services, encompassing categories like Graphic Design, Digital Marketing, Video and Animation, Writing and Translation, and many more, delivered by freelancers from over 196 countries.
In recent developments, Fiverr has launched a reimagined homepage, a new consulting category, and an updated review and leveling system to enhance user experience and foster stronger relationships between businesses and freelancers. CEO Micha Kaufman emphasized that these innovations are driven by feedback from Fiverr's global community, intending to provide radical transparency and clearer paths for freelancers to improve and grow their businesses.
Fiverr's financial health is robust, as evidenced by their 2023 performance which saw revenue and Adjusted EBITDA surpassing targets. The company is committed to continuous innovation, introducing AI features across the platform and aiming to expand its market share in the digital services industry. Their strategic focus includes moving upmarket and investing in complex services to drive profitable growth.
Additionally, Fiverr has rolled out Fiverr Agencies, which helps agency teams build client bases and improve their visibility. This initiative supports businesses in accessing expert talent for advanced collaboration and enhanced productivity.
Fiverr's mission is to democratize access to talent, enabling both individuals and large enterprises to achieve their business goals. Their offerings span over 700 skills, ensuring flexibility and adaptability in today's dynamic work environment. For more insights and updates, visit fiverr.com, read their blog, and follow them on social media platforms.
Fiverr International Ltd. (NYSE: FVRR) has partnered with Selina, a leading experiential hospitality brand. This collaboration aims to support 'Anywhere Workers'—remote professionals traveling from multiple locations—by fostering community connections and combating loneliness. Fiverr introduces a 'Work from Anywhere Contest,' offering ten freelancers the chance to win accommodations at Selina locations. The contest runs from August 11 to September 1, 2022, with winners receiving $2,000 in travel vouchers and Selina tokens worth around $2,000 for stays and services.
Fiverr International Ltd. (NYSE: FVRR) launches its new advertising campaign, 'Team Up,' aimed at mid to large-sized businesses. This B2B initiative highlights the integration of freelancers into traditional workforces to enhance adaptability and productivity. A recent survey indicates that 74% of business leaders see effective management of external workers as critical for success, yet only 30% feel prepared for this approach. The campaign showcases Fiverr's Talent Cloud, facilitating scalable talent access across various fields, as they aim to attract a broader audience during economic uncertainties.
Fiverr International Ltd. (FVRR) reported Q2 2022 revenue of $85 million, a 13% year-over-year increase, amidst cautious SMB spending. Adjusted EBITDA stood at $4.6 million, a decline from $7.4 million in Q2 2021, with a margin of 5.4%. Active buyers rose to 4.2 million, increasing 6% year-over-year, while spend per buyer grew 14% to $259. A workforce reduction of approximately 60 employees aims to streamline costs. The Q3 revenue outlook is set between $80.5 million and $82.5 million, reflecting cautious demand. The company remains focused on enhancing EBITDA and long-term profitability.
Fiverr International Ltd. (NYSE: FVRR) will release its second quarter financial results for the period ending June 30, 2022, before the market opens on August 4, 2022. Following the release, management will hold a conference call and webcast at 8:30 a.m. ET to discuss the results. Investors can access the press release and a shareholder letter on the company's investor relations website.
Fiverr (NYSE: FVRR) has acquired Wildist.co, enhancing its subsidiary CreativeLive with outdoor and adventure photography courses. This acquisition solidifies CreativeLive's position as a leading learning platform for photographers, expanding its extensive library of over 1,000 photography classes. By incorporating Wildist.co's high-quality content and notable instructors, Fiverr aims to empower its freelance community, offering new resources and opportunities for skill development and monetization.
Fiverr International Ltd. (NYSE: FVRR) has launched a free children's book, My Four Fabulous Uncles, in collaboration with TikTok stars, The Old Gays. This initiative promotes inclusivity and diversity, addressing anti-LGBTQ+ legislation like Florida's 'Don't Say Gay' Bill. The story centers on a child named Finley who learns to embrace his uniqueness with the help of his supportive uncles. Fiverr emphasizes its commitment to uplifting diverse voices through this annual Pride project, further showcasing the talent of queer freelancers in its community.
Fiverr (NYSE: FVRR) has launched a new platform called Togetherr, aimed at revolutionizing the creative industry by forming specialized teams for projects. Utilizing proprietary technology known as the Creative Genome, Togetherr will curate teams of top-tier creative talent selected based on specific project needs. The platform responds to the evolving demands of brands for faster, more flexible solutions, diverging from traditional agency methods. Current offerings include access to over 1,100 creatives and starting project costs around $50K.
Fiverr (NYSE: FVRR) has launched its first brand campaign titled “We Love Recruiters,” aimed at celebrating the vital role of recruiters in a competitive talent market. The campaign is a humorous love song that acknowledges the challenges recruiters face, including a significant job turnover of 4.5 million and 11.55 million job openings in March. Over the past two years, Working Not Working, a Fiverr company, doubled its customer base, indicating strong growth despite a lack of marketing budget until now. The campaign will be promoted on platforms like YouTube, LinkedIn, and Instagram.
Fiverr International Ltd. (NYSE: FVRR) will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 9:20 am Eastern Time. CEO Micha Kaufman and CFO Ofer Katz will present, with a live webcast available on Fiverr's investor relations website. Fiverr aims to revolutionize work accessibility, serving over 4 million customers globally through its Talent Cloud, which connects businesses with freelancers across various industries. More details can be accessed at investors.fiverr.com.
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