Fiverr International Ltd. - FVRR STOCK NEWS

Fiverr (NYSE: FVRR) has acquired Seattle-based online learning platform CreativeLive, enhancing its commitment to professional education for freelancers. CreativeLive offers over 2,000 classes across various creative fields, serving over 10 million learners since its inception. The acquisition allows Fiverr to integrate its existing online learning platform, Fiverr Learn, into CreativeLive, creating a more robust educational resource for users. CreativeLive will continue to operate independently, led by its founder, Chase Jarvis, from its Seattle headquarters.

Fiverr has launched its inaugural Future Collective Fellowship Program to provide funding and mentorship to five selected Black entrepreneurs. Each fellow will receive $24K, access to an accelerator program by 1863 Ventures, and support from Fiverr’s senior management. This initiative addresses the financial challenges faced by Black entrepreneurs and aims to foster equity in entrepreneurship. The program responds to significant disparities in access to funding and the ongoing need for support for Black-owned businesses.

Fiverr International Ltd (NYSE: FVRR) announced that CEO Micha Kaufman and CFO Ofer Katz will present at Citi's 2021 Global Technology Virtual Conference on September 13, 2021, at 8:50 a.m. Eastern Time. A live webcast will be available on Fiverr's investor relations website, with an archived replay following the event.

Fiverr aims to revolutionize work collaboration, connecting businesses with freelancers across over 500 categories. In the past year, 4 million customers accessed services from freelancers in more than 160 countries.

Fiverr (NYSE: FVRR) has launched Seller Plus, a subscription-based loyalty program for freelancers, priced at $29/month. This program offers a suite of benefits, including a dedicated success manager, expedited payment clearance, priority support, and advanced analytics tools to enhance freelancers' business performance. A Fiverr freelancer reported a 25% increase in earnings since joining, underscoring the program's effectiveness. Fiverr aims to continually expand Seller Plus features to support its freelancers and enhance service offerings.

Fiverr International Ltd. (NYSE: FVRR) reported a 60% year-over-year revenue growth in Q2 2021, totaling $75.3 million. Active buyers increased by 43% to 4 million, and spending per buyer rose 23% to $226. The company achieved a GAAP gross margin of 83.4% and a non-GAAP net income of $7.9 million. However, due to evolving post-COVID behaviors, Fiverr expects modest growth in new customer cohorts and has adjusted its Q3 2021 revenue outlook to $68.0-$72.0 million with a 30-38% growth forecast.

Fiverr (NYSE: FVRR) has partnered with Wix (Nasdaq: WIX) to create a program aimed at training people with disabilities to build accessible websites. Participants will receive training from Wix and learn how to market their services as web accessibility builders on the Fiverr platform. This initiative seeks to empower the disabled community, enabling them to monetize their skills. The program starts virtually in the U.S., with plans to expand globally. Both companies emphasize inclusivity and equal opportunities through this collaboration.

Fiverr International Ltd. (NYSE: FVRR) will announce its Q2 2021 financial results on August 5, 2021, before market open. Management will host a conference call at 8:30 a.m. EDT to discuss the results. A press release and shareholder letter will be available on their website. In the 12 months ending March 31, 2021, Fiverr served 3.8 million customers globally. The conference will be accessible via phone and webcast, with replay options available until August 12, 2021.

Fiverr International Ltd. (NYSE: FVRR) released data showing that 45% of surveyed businesses are utilizing more freelancers since the pandemic. Key findings reveal that larger businesses (100-249 employees) are increasingly investing in freelance talent, especially in digital marketing (47%) and website development (45%). Additionally, 65% of these businesses reported increased spending on freelancers post-COVID. The survey indicates a shift toward greater reliance on freelancers for flexibility and productivity, with 55% seeking more government support in future crises.

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.