Fiverr International Ltd Stock Price, News & Analysis

Fiverr International (NYSE: FVRR) has released its Fall 2022 Business Trends Index, highlighting a significant 92% surge in searches for Instagram-related services over the past six months. The index underscores businesses' growing focus on refining their online marketing strategies amid digital transformation. Key trends include increased interest in social media management, affiliate marketing, and mobile app development, with notable growth in services like Facebook video ads (+175%) and Teespring promotions (+163%).

Fiverr International Ltd. has partnered with Shutterstock, enabling easy access for freelancers to millions of commercially licensed images, videos, and music assets on Fiverr's platform. This integration aims to empower freelancers by providing essential resources for their digital services, enhancing the quality of their offerings. The collaboration assures businesses that the media used in their projects is properly licensed for commercial use. This move reflects Fiverr's commitment to supporting its freelance community, broadening their resources across various categories.

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.