Fiverr International Ltd Stock Price, News & Analysis

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.