Fiverr International Ltd Stock Price, News & Analysis

Fiverr International Ltd. (NYSE: FVRR) is set to announce its first quarter financial results for the period ending March 31, 2023, before the market opens on May 11, 2023. Following the announcement, management will host a conference call and webcast at 8:30 a.m. ET to discuss financial outcomes and business performance. Interested participants can register for the call via the provided link. Fiverr aims to democratize access to talent and has facilitated connections for over 4 million customers, offering a diverse talent pool spanning more than 600 categories. More details, including a shareholder letter, will be accessible on the company’s investor relations website.

Fiverr International Ltd. (NYSE: FVRR) has conducted a study of 501 U.S. workers laid off in the last three months, revealing key insights about their career aspirations and financial management. Notably, 57% of respondents plan to freelance or start their own business while seeking new employment. The study highlights that 75% felt unfulfilled in their previous roles and 74% lacked work-life balance. Many laid-off workers are looking for more flexible job opportunities, with 34% planning to use savings or investments to cope financially. There is significant interest in freelancing, with 33% wanting to freelance while job hunting. Increases in freelancer sign-ups for tech services were observed in January 2023, especially in tech hubs like Silicon Valley (264%).

Fiverr International Ltd. (NYSE: FVRR) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission on March 30, 2023. This document details the company’s audited consolidated financial statements and is available on the company’s investor relations website.

Shareholders can request a hard copy of the report free of charge via email or mail. Fiverr aims to transform global work dynamics, allowing access to talent for businesses of all sizes, with over 4 million customers utilizing its platform across 160 countries.

Fiverr has launched its Creator Economy Guide, aiming to assist current and aspiring content creators in establishing their businesses. The guide, developed in collaboration with Tailify, incorporates insights from 11 successful creators, offering 10 essential tips for thriving in the creator economy. Key findings emphasize the importance of community insights, content experimentation, and diversifying revenue streams. Fiverr's marketplace reports increased demand for services relevant to creators, such as social media marketing and video editing. With over 4 million customers globally, Fiverr remains committed to supporting entrepreneurs as they transition from creators to business owners.

Fiverr International Ltd. (NYSE: FVRR) recently released a study on Gen Z's work preferences, highlighting that 71% of US Gen Zers perceive inflation and layoffs as influencing their views on freelance work. Notably, 40% aspire to own a business or freelance for their careers. Key findings reveal that 70% consider freelancing alongside traditional jobs viable, and 41% see it as a means to earn additional income amid inflation. Flexibility and passion-driven work are top priorities, with 73% viewing freelancing as a smart choice during economic uncertainty. The survey included 2,000 US Gen Z respondents and was conducted in partnership with Censuswide.

Fiverr International Ltd. (NYSE: FVRR) launched “Project Partner,” a service designed for Fiverr Business customers, aimed at managing complex projects seamlessly. This initiative targets medium to large enterprises, offering services such as a vetted talent pool, team collaboration tools, and personalized onboarding. The Project Partner will oversee project execution from initiation to completion, ensuring timely delivery and budget adherence. Companies like Similarweb have benefitted from this service, simplifying their project management processes. Since its inception in September 2020, Fiverr Business has catered to corporate teams, enhancing operational efficiency and facilitating access to skilled freelancers globally.

Fiverr International Ltd. (NYSE: FVRR) announced strong financial results for Q4 and the full year 2022, with record Adjusted EBITDA and revenue growth amid a challenging macro environment. Q4 revenue rose 4.2% year-over-year to $83.1 million, while total revenue for 2022 reached $337.4 million, up 13.3%. Active buyers increased to 4.3 million, and spend per buyer grew 8% to $262. The company aims to improve Adjusted EBITDA margin to 25% in 2023, despite uncertainties. Key growth strategies include category expansion, particularly in AI services, and enhancements in Promoted Gigs and Seller Plus. Adjusted EBITDA for Q4 was $9.4 million, reflecting efficient cost management.

Fiverr International Ltd. (NYSE: FVRR) has announced winners of its Work From Anywhere contest, offering ten freelancers and businesses the chance to travel and work from over 100 Selina locations worldwide. This initiative aims to support 'Anywhere Workers' who want to blend work and travel, fostering community and networking opportunities. The winners hail from diverse backgrounds, representing five countries, and include professionals such as photographers, video editors, and content creators. Their travels will span regions including Thailand, Portugal, Austria, and Brazil.