Fiverr International Ltd. operates an online marketplace that connects businesses with freelancers and digital-service talent across more than 750 skilled categories. News about FVRR commonly covers quarterly results, shareholder letters, guidance, marketplace activity, spend trends, and the company's shift toward higher-value projects and a broader work-platform model.
Recurring company updates also include AI-related products and services, such as GenAI tools, AI video offerings, matching infrastructure, Fiverr Pro initiatives, and trend reports drawn from marketplace search activity. Coverage often references categories such as software and AI development, digital marketing, finance, business consulting, video animation, music, and architecture.
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.
Fiverr International Ltd. (NYSE: FVRR) has expanded into Latin America with launches in Brazil and Mexico, following successful entries in Europe. CEO Micha Kaufman emphasizes their aim to provide local payment solutions and native language support to enhance user experience. Brazil's small businesses present a significant opportunity, with a 137% increase in freelance registrations within the past year. In Mexico, a local language site and cash payment options through Oxxo aim to attract more users, reflecting a 109% year-over-year growth in freelancers joining Fiverr.
Fiverr International Ltd. (NYSE: FVRR) announces that CEO Micha Kaufman and CFO Ofer Katz will present at two upcoming virtual conferences. The Needham Virtual Internet Services Conference is scheduled for November 16 at 10:45 a.m. ET, while the UBS Global Virtual TMT Conference will take place on December 8 at 10:15 a.m. ET. Live webcasts of the presentations can be accessed on Fiverr’s investor relations website, with archived replays available afterward. Fiverr connects businesses with freelancers across various digital service categories, serving over 3 million customers worldwide.
Fiverr International Ltd. (NYSE: FVRR) reported third quarter 2020 results, revealing an impressive revenue of $52.3 million, marking an 88% year-over-year increase. Active buyers rose by 37% to 3.1 million, while spend per buyer increased by 20% to $195. The company's GAAP net loss reduced to ($0.5) million from ($8.4) million the previous year. Adjusted EBITDA improved to $4.2 million, with a margin of 8.0%. Fiverr also raised its full-year guidance, forecasting $186.0 - $187.0 million in annual revenue.
Fiverr International Ltd. (NYSE: FVRR) has priced $400 million of 0% Convertible Senior Notes due 2025 in a private offering. The notes have an initial conversion rate of 4.6823 shares per $1,000, translating to a conversion price of approximately $213.57, a 40% premium over the October 7, 2020 closing price. The offering is expected to net $388.8 million, aimed at financing capped call transactions and general corporate purposes. The notes will not accrue regular interest and are subject to specific conditions for conversion and redemption.
Fiverr International Ltd. (NYSE: FVRR) has released its second semi-annual Small Business Needs Index, revealing critical insights into the digital transformation needs of small businesses amid the COVID-19 pandemic. The index showcases a surge in demand for services like dropshipping, social media design, and customer service, indicating a shift toward online operations. Notably, the top searches included dropshipping (319%) and Shopify promotion (247%). This trend highlights the increasing reliance on digital tools for business success.
Fiverr International Ltd. (NYSE: FVRR) will release its third quarter 2020 financial results on October 28, 2020, before the market opens. A conference call is scheduled for the same day at 8:30 a.m. ET, where management will discuss the results. Investors can access the live and archived webcast on Fiverr's investor relations website. The company connects businesses with freelancers across over 400 service categories, and in the last year, it served 2.8 million customers from more than 160 countries.