Welcome to our dedicated page for Fiverr International news (Ticker: FVRR), a resource for investors and traders seeking the latest updates and insights on Fiverr International stock.
Fiverr International Ltd (NYSE: FVRR) operates the world's leading digital services marketplace, connecting businesses with freelance professionals across 600+ categories. This dedicated news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and platform innovations.
Access real-time announcements including quarterly results, strategic partnerships, and product launches like Fiverr's AI-powered matching tools. Our curated collection features official press releases alongside market analysis, offering context for operational milestones in the evolving gig economy.
Key focus areas include service category expansions, technology integrations, and global marketplace growth. Track updates on financial metrics, leadership changes, and competitive positioning without promotional bias. All content is sourced from verified channels to ensure reliability.
Bookmark this page for streamlined access to FVRR's latest business developments. Combine regular checks with portfolio monitoring tools to stay informed about this innovative platform's role in shaping the future of digital work.
Engine Capital LP, owning 3.5% of Upwork Inc. (NASDAQ: UPWK), has sent a letter to the company's Board of Directors highlighting concerns and opportunities to enhance shareholder value. The letter criticizes Upwork's lack of strategic focus, poor execution, excessive spending, and significant management turnover under CEO Hayden Brown. Engine Capital argues that these issues have led to underperformance compared to relevant indexes and peers.
The letter outlines several recommendations, including improving the marketplace functionality, focusing on the Enterprise opportunity, optimizing costs, reducing stock-based compensation dilution, and initiating share buybacks. Engine Capital also calls for Board refreshment and improved corporate governance, suggesting the addition of new independent directors with relevant industry experience.
Fiverr International (NYSE: FVRR) has released research on retailers' readiness for the upcoming holiday season. The survey, conducted globally, reveals that Gen Z is planning to spend more this holiday season, prompting retailers to focus on AI, social media, and deep discounts. Key findings include:
- 70% of retailers are investing in AI
- 39% in social media ads
- 35% in influencer marketing
- 33% in email marketing
- 29% in SEO
The research also highlights that 53% of surveyed businesses don't consider competition from larger e-commerce brands as a challenge. Inflation remains the primary concern for 48% of global respondents. Notably, 43% of Gen-Zers plan to spend more this holiday season, with 34% using TikTok shop for gift ideas.
Fiverr International (NYSE: FVRR) has announced that its Founder and CEO Micha Kaufman, along with President and CFO Ofer Katz, will be presenting at the upcoming Goldman Sachs Communacopia and Technology Conference. The presentation is scheduled for Monday, September 9, 2024, at 11:30 am Pacific Time.
Investors and interested parties can access a live webcast of the presentation through the Events & Presentations section of Fiverr's investor relations website. An archived replay of the audio webcast will also be made available on the same website following the live presentation.
Fiverr (NYSE: FVRR) has partnered with Martha Stewart for a new advertising campaign launching in August 2024. The campaign features Stewart as an underutilized intern, highlighting how businesses can find top talent on Fiverr. The ads will focus on social media marketing, web development, and AI services, which have seen up to 6,000% growth on the platform.
As part of the collaboration, Stewart became a Edition Pro freelancer on Fiverr, offering 30-minute business consultations to three users along with $1,000 in Fiverr credits. This partnership aims to showcase the diverse skills available on Fiverr and emphasize the platform's role in helping businesses extend their expertise through freelancers.
Fiverr International (NYSE: FVRR) has released its 2023 Environmental, Social and Governance (ESG) report, highlighting the company's efforts towards a sustainable future. The report aligns with six UN Sustainable Development Goals and focuses on three main areas:
1. Creating fair economic and social opportunities: Fiverr celebrated International Freelancer Day, launched a Social Impact Hub, and hosted global community events. The company also continued programs for underrepresented entrepreneurs, providing over $350K in grants.
2. Empowering employees: Fiverr achieved an 84% favorable rating in its employee engagement survey. The company promotes gender diversity, with 51% of its global team identifying as female. In the U.S., 38% of employees identified as diverse in 2023.
3. Climate change initiatives: Starting January 2024, 50% of electricity usage at Fiverr's headquarters will come from renewable sources. The company's overall emissions for 2023 in scope 1 & 2 decreased by 22% compared to 2022 and 36% from 2020.
Working Not Working, a Fiverr company (NYSE: FVRR), released its first (un)Happiness Survey, revealing 56% of full-time creatives plan to leave their jobs within a year. The survey of nearly 1,000 professionals highlights a lack of employer investment in key areas:
- Opportunities
- Company culture
- Professional development
- Perceived value
- Flexibility
Key findings include:75% reported negative happiness levels, 84% feel undervalued, and 97% lack clarity on career growth. Over 65% are freelancing outside work. The report suggests that improved company culture, increased salaries, and flexibility can extend employee tenure. Working Not Working calls on creative companies to prioritize their people as a competitive advantage.
Fiverr, the global freelance services marketplace, has acquired AutoDS, a leading dropshipping automation tool. This strategic move brings a new subscription-based revenue stream to Fiverr and strong synergies to accelerate growth. AutoDS provides an end-to-end solution for dropshippers, including product research, sourcing, inventory management, and automated fulfillment. With over 150 million products and tens of thousands of paying subscribers, AutoDS significantly expands Fiverr's footprint in the e-commerce value chain.
The acquisition aligns with Fiverr's transformation from a marketplace into a comprehensive platform offering both talent access and software solutions. The global dropshipping market, valued at $285 billion in 2023, is expected to reach $2 trillion by 2033. AutoDS will remain independently operated while working to maximize synergies with Fiverr.
Fiverr International (NYSE: FVRR) reported solid Q2 2024 results, with revenue reaching $94.7 million, up 6% year-over-year. The company's take rate increased to 33.0%, a 230 basis point improvement. Despite a decline in active buyers, spend per buyer grew 10% to $290. Fiverr achieved $3.3 million in GAAP net income and $23.8 million in non-GAAP net income.
The company launched a new profession-based catalog and capabilities for long-term talent engagement. Fiverr also acquired AutoDS, adding a subscription-based software business. Management reiterated full-year guidance, raising the bottom end for both revenue and Adjusted EBITDA. For Q3 2024, Fiverr expects revenue between $95.0 - $97.0 million and Adjusted EBITDA of $17.0 - $19.0 million.
Fiverr, the online marketplace for freelance services, has announced its 2024 Summer Product Release, marking a significant transformation from a services marketplace to a comprehensive hiring platform. The release introduces several key features:
1. Profession-Based Talent: A new catalog allowing customers to search by professions and skills.
2. Hourly Rates: Fiverr Pro freelancers can now offer hourly rates for long-term projects.
3. Business Partners: Fiverr-trained project managers to oversee complex projects.
4. Satisfaction Guarantee: Money-back guarantee for Fiverr Pro customers.
5. Business Rewards Program: Tiered benefits for Fiverr Pro customers.
6. Kickstart Program: Support for new freelancers.
7. AI Integration: Expansion of Fiverr Neo for improved search and project management.
These updates aim to meet evolving workplace demands and provide businesses with more flexible options for hiring skilled talent.
Fiverr International announced it will release its second quarter 2024 financial results on July 31, 2024, before the market opens. The company will discuss these results in a conference call and webcast at 8:30 a.m. ET the same day.
Prior to the call, Fiverr will publish a press release and shareholder letter on its investor relations website. The conference call can be accessed live and will also be available as an archived webcast.
