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) reported a record Q1 2022 revenue of $86.7 million, up 27% year-over-year, marking its first Adjusted EBITDA profitability in a Q1. Active buyers grew to 4.2 million, an 11% increase, with each buyer spending $251, up 17%. However, Q1 GAAP net loss improved slightly to ($17.0) million. The company updated its Q2 2022 and full-year guidance amidst a volatile macro environment, particularly in Europe. Fiverr continues to innovate, introducing features like AI Audition while maintaining brand awareness.
Fiverr International Ltd. (NYSE: FVRR) released insights from a survey involving 1,400 Anywhere Workers, revealing that 90% have seen earnings grow or remain stable since adopting this lifestyle. The study highlights that 54% of Anywhere Workers also classify as remote workers, and over 60% work full-time while traveling. Key priorities for these individuals include cost of living and job opportunities for traveling partners. The trend of Anywhere Workers integrating work and travel reflects a shift in workforce dynamics post-pandemic.
Fiverr International Ltd. (NYSE: FVRR) launched AI Auditions, a new tool for voiceover artists that automates auditioning, allowing them to present personalized voice samples without reading scripts. This innovation streamlines the process for customers, enabling them to hear voice samples by simply inputting text on the artist's profile. Currently in beta for select artists, this feature is expected to enhance productivity for Fiverr's talent pool while providing clients with a seamless way to evaluate voiceover options.
Fiverr International Ltd. (NYSE: FVRR) will release its first quarter financial results for the period ended March 31, 2022, on May 11, 2022, before the market opens. A management conference call and webcast will follow at 8:30 a.m. ET to discuss the results. Interested parties can access the call via telephone or through a live webcast, with archived access available on Fiverr's investor relations website.
Fiverr aims to democratize access to talent globally, connecting businesses with a diverse pool of freelance professionals.
Fiverr International Ltd. (NYSE: FVRR) recently launched its Spring 2022 Small Business Needs Index, highlighting trends in growing service demands. Key findings include:
- Web3's popularity is rising among small businesses.
- Promotional Video Ads saw a 453% increase in search.
- The demand for NFT Art surged with a 3,504% increase.
The index reflects shifts in small business priorities due to the recent entrepreneurial surge.
Fiverr International Ltd. (NYSE: FVRR) announces its inaugural virtual music event, "Now Playing", on March 30th and 31st. This free event will feature industry professionals, including Grammy-winning artist T-Pain, DJ trio Cheat Codes, and TikTok sensation JVKE, sharing insights into the music industry. Attendees can expect workshops and discussions about building a music career. Fiverr is also partnering with the Ukrainian Red Cross to raise awareness and encourage donations during the event.
Fiverr International Ltd. (NYSE: FVRR) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the Securities and Exchange Commission on February 17, 2022. The report includes audited consolidated financial statements and can be accessed on the company's investor relations website or the SEC's website. Fiverr connects businesses with skilled freelancers in over 550 categories, serving 4.2 million customers across more than 160 countries in 2021.
Fiverr International Ltd. (NYSE: FVRR) reported a robust financial performance for Q4 2021, with revenue increasing 43% year over year to $79.8 million, and a full-year revenue growth of 57% to $297.7 million. The company witnessed strong retention trends, with all cohorts retaining over 110% of their previous year's revenue. Active buyers grew to 4.2 million, a 23% increase from the prior year. Adjusted EBITDA improved to $8.9 million (11.1% margin). Looking ahead, Fiverr expects Q1 2022 revenue of $85.0 - $87.0 million and FY 2022 revenue of $373.0 - $379.0 million.
Fiverr International Ltd. announced its documentary short, “Out North,” has been selected as one of Vimeo’s Branded Staff Picks of 2021. The film highlights the challenges faced by the community in Nashville's 37208 zip code, known for the highest incarceration rate in the U.S., documenting the inspiring work of Gideon’s Army. The film showcases stories of hope and resilience, aiming to shed light on the residents beyond stark statistics. Fiverr remains committed to supporting social justice initiatives in the community.
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