Fiverr International Ltd. Ordinary Shares, no par value (FVRR)
24.98
-0.24 (-0.95%)
Fiverr International Ltd is an online marketplace that connects freelancers with clients seeking various digital services
The platform allows individuals and businesses to offer and purchase a wide range of services, including graphic design, digital marketing, writing, translation, programming, and video editing, among others. By leveraging a user-friendly interface, Fiverr facilitates the hiring process for both buyers and sellers, enabling freelancers to showcase their skills and promote their work while providing clients with access to a vast pool of talent. The company's mission is to democratize work by empowering freelancers globally and offering flexible solutions for businesses of all sizes.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Fiverr (NYSEFVRR) and the rest of the gig economy stocks fared in Q4.
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Online freelance marketplace Fiverr (NYSEFVRR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 13.3% year on year to $103.7 million. On top of that, next quarter’s revenue guidance ($106 million at the midpoint) was surprisingly good and 3.6% above what analysts were expecting. Its non-GAAP profit of $0.64 per share was 5.8% below analysts’ consensus estimates.
Fiverr reports 13.3% sales growth and 64 cents adjusted EPS, beating estimates. Active buyers decline, but spend per buyer increases. Outlook positive.
The past six months have been a windfall for Fiverr’s shareholders. The company’s stock price has jumped 47.3%, hitting $33.34 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at gig economy stocks, starting with Lyft (NASDAQLYFT).
