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) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020. The report, available on the company's investor relations website, includes audited consolidated financial statements. Over 3.4 million customers utilized the Fiverr platform in 2020, spanning more than 160 countries, showcasing the company's strong global footprint in the digital services sector. Shareholders can request a hard copy of the report at no charge.
Fiverr International Ltd. (NYSE: FVRR) has promoted Ofer Katz to President and Chief Financial Officer, after his tenure as CFO since Fiverr's inception. Katz has made significant contributions to Fiverr's business development and sustainable growth. Additionally, Gurit Kainnan Vardi has been promoted to Executive Vice President and General Counsel, having built a robust legal team since joining in 2015. These leadership changes highlight Fiverr's ongoing growth strategy as it continues to connect businesses with freelancers in various sectors.
Fiverr International Ltd. (FVRR) reported a strong Q4 and FY 2020, showcasing 89% and 77% year-over-year revenue growth, respectively. Q4 revenue reached $55.9 million, with active buyers increasing by 45% to 3.4 million. EBITDA turned positive, reflecting a significant milestone. Despite a GAAP net loss of $8.1 million in Q4, non-GAAP net income improved substantially. The company sets optimistic guidance for Q1 2021, projecting revenue of $63-$65 million and 46-50% growth for the full year, while managing an anticipated $8 million expense from a Super Bowl campaign.
Fiverr International Ltd. (NYSE: FVRR) is launching a new platform to help corporate brands connect with top independent creatives and agencies. This initiative follows the recent acquisition of Working Not Working, enhancing Fiverr's footprint in the marketing industry. The platform aims to facilitate the growing demand for project-focused marketing solutions, enabling brands to access skilled professionals efficiently. Fiverr is establishing a CMO advisory board and a Creative Council, consisting of industry leaders, to steer the platform's development and ensure it meets current market needs.
Fiverr International Ltd. (NYSE: FVRR) has announced the acquisition of Working Not Working, a platform connecting top creative talent with leading brands like Google and Netflix. This strategic move aims to enhance Fiverr's offerings in the advertising and marketing sectors by expanding its access to high-quality creatives. Working Not Working will continue to operate as an independent entity with its current leadership. Fiverr CEO Micha Kaufman believes this acquisition underscores their commitment to providing global opportunities for creative professionals.
Fiverr International Ltd. (NYSE: FVRR) launches a new feature called Subscriptions, enabling freelancers to establish long-term relationships with clients, moving beyond the traditional per-project payment model. This initiative allows businesses to subscribe to ongoing services, enhancing flexibility and scalability in talent management. Initially available to top freelancers in eight categories, this feature aims to attract larger business clients and offers freelancers a more predictable income. Subscriptions supports Fiverr’s strategy to grow its product offerings targeting corporate teams.
Fiverr International Ltd. (NYSE: FVRR) unveiled its Super Bowl LV ad, “Opportunity Knocks,” featuring Four Seasons Total Landscaping owner Marie Siravo. The ad symbolizes the resilience of small businesses in the face of challenges and highlights Fiverr's role in their digital transformation. It expands on Fiverr's 'It Starts Here' campaign, supporting SMBs to adapt and grow. Marie emphasized the impactful collaboration with Fiverr freelancers to enhance her company's online presence. The campaign promotes Fiverr's mission to empower businesses globally through its freelance marketplace.
Fiverr International Ltd. (NYSE: FVRR) announced its first Super Bowl ad during Super Bowl LV on February 7, 2021, aiming to enhance brand visibility. This follows a year where Fiverr has become vital for businesses adapting to change. The ad reflects the company's campaign, “It Starts Here,” targeting small and medium businesses amidst their digital transformation. The spot will air in the third quarter and is part of a broader marketing strategy following significant milestones like a successful IPO and new brand identity.
Fiverr International Ltd. (NYSE: FVRR) will announce its fourth quarter and fiscal year 2020 financial results on February 18, 2021, before market opening. The management will hold a conference call at 8:30 a.m. ET, offering insights into business performance. Interested parties can dial in or access the call via webcast through the investor relations section of the Fiverr website. The company aims to reshape work dynamics by connecting businesses with freelancers across diverse sectors.
Fiverr International Ltd (NYSE: FVRR) announced that CEO Micha Kaufman and CFO Ofer Katz will present at the Goldman Sachs Technology and Internet Conference on January 12, 2021, at 10:30 a.m. Eastern Time. Investors can access the live webcast from Fiverr's investor relations website. The archived audio will be available post-presentation. Fiverr has been revolutionizing work collaboration for over a decade, connecting businesses with freelancers in 400+ categories. In the year ending September 30, 2020, over 3 million customers engaged services from freelancers across 160+ countries.
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