Fiverr International Ltd Stock Price, News & Analysis

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.

Fiverr's latest survey reveals a significant shift in the U.S. workforce's attitude towards remote work and freelancing amid the pandemic. Conducted with Censuswide, the survey of 1,035 remote workers indicates a 48% year-over-year increase in new U.S. freelance registrations. Notably, 68% of respondents are more open to freelance work since the pandemic, driven by job security concerns and lifestyle changes. Moreover, 41% express high satisfaction with their work-from-home setup, contrasting with earlier dissatisfaction levels. However, challenges like distractions and job insecurity persist.