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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) will release its fourth quarter and full year financial results for the period ended December 31, 2021, on February 17, 2022, before market open. A conference call and webcast with management will follow at 8:30 a.m. ET to discuss these results. The company has seen substantial growth, with 4.1 million customers utilizing its platform for digital services across various categories. A shareholder letter will be available on the Company’s website prior to the call.
Fiverr International Ltd. (NYSE: FVRR) has launched 'Inspire,' a new visual discovery feature in its mobile app designed to personalize the user experience. This feature showcases curated content from Fiverr freelancers, allowing users to interact by liking and adding content to mood boards. Inspire aims to celebrate freelancer creativity and assist users in discovering valuable services while drawing inspiration for projects. It incorporates elements like authenticity, visual discovery, and personalization, enhancing user engagement and exploration.
Fiverr International Ltd. (NYSE: FVRR) and Stride Health have partnered to provide affordable healthcare, dental, and vision insurance for self-employed professionals on Fiverr's platform. The initiative aims to raise awareness about subsidies under the American Rescue Plan, making healthcare more accessible. The partnership launches during the 2022 Open Enrollment Period, allowing Fiverr freelancers to access tailored health insurance recommendations and government financial assistance. Stride will offer year-round support to help users maximize their benefits.
Fiverr International Ltd. (NYSE: FVRR) reported a robust Q3 2021, with revenue reaching $74.3 million, up 42% year-over-year. Active buyers increased by 33% to 4.1 million, while spend per buyer rose 20% to $234. The company also improved its take rate to 28.4%. Despite a GAAP net loss of $14.3 million, non-GAAP net income increased to $7.7 million. Fiverr has made significant acquisitions with Stoke Talent and CreativeLive, and launched the Fiverr Workspace. The company raised its full-year revenue guidance to a growth of 54-56% for 2021.
Fiverr International Ltd. (NYSE: FVRR) has announced the launch of Fiverr Workspace, a comprehensive suite of back office tools tailored for freelancers and small business owners. This platform integrates popular features from AND.CO alongside new functionalities for enhanced management of payments and taxes. Key attributes include new payment options, automated tax preparations, and improved user experience. Fiverr Workspace is available in both freemium and unlimited versions, priced at $24 monthly or $216 annually.
Fiverr International Ltd (NYSE: FVRR) announced that CEO Micha Kaufman and CFO Ofer Katz will speak at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 17, 2021, at 8:55 a.m. Eastern Time. A live webcast will be available on the company's investor relations website, with an archive accessible later. Fiverr connects businesses with freelancers across over 500 service categories, having served 4 million customers from more than 160 countries in the past year.
Fiverr International Ltd. (NYSE: FVRR) announced the acquisition of Stoke Talent for $95 million. This acquisition aims to enhance Fiverr's ability to integrate online and offline freelance management into corporate workflows. Stoke's tools will provide businesses with a comprehensive solution for onboarding, payments, and budget tracking. With this deal, Fiverr targets larger businesses, expanding its footprint in the offline freelancing market. The integration is expected to unlock synergies between Fiverr's existing B2B offerings and Stoke's management platform.
Fiverr announces its new brand campaign, “Something from Nothing,” aimed at inspiring entrepreneurs worldwide to transform their ideas into reality. The campaign will run across key target markets and utilizes digital, television, and out-of-home advertising. A recent study revealed that 25% of U.S. adults had business ideas in the last 18 months, with 59% not pursuing them due to a lack of resources. The campaign promotes Fiverr freelancers as valuable resources for budding entrepreneurs. The initiative strives to address changing work perspectives, emphasizing autonomy and flexibility in the workplace.
Fiverr International Ltd. (NYSE: FVRR) released its Fall 2021 Small Business Needs Index, revealing significant trends in search data from its platform. The findings indicate that hybrid business models, integrating online and offline operations, are becoming the norm. Key trends show substantial increases in searches for services like Shopify Sales Funnel (235% increase) and Amazon PPC Campaign (171% increase). Freelancers on Fiverr can earn up to $10,000 per project for Amazon PPC Campaigns and $2,195 for Shopify Sales Funnels, highlighting growing opportunities for skilled professionals.
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