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) 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.
Fiverr International Ltd. (NYSE: FVRR) will release its third quarter 2021 financial results on November 10, 2021, before market opens. A conference call is scheduled for 8:30 a.m. EST that day to discuss the results. The company aims to connect businesses with skilled freelancers offering digital services across various categories. In the last twelve months ending June 30, 2021, 4 million customers utilized Fiverr's services from over 160 countries.
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
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.
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