The chart below shows how FVRR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FVRR sees a -0.47% change in stock price 10 days leading up to the earnings, and a -3.13% change 10 days following the report. On the earnings day itself, the stock moves by +6.03%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q3 Revenue Increase: Revenue for the third quarter was $99.6 million, up 8% year-over-year, representing an acceleration from 6% year-over-year growth in Q2.
Q3 Adjusted EBITDA Improvement: Adjusted EBITDA for Q3 was $19.7 million, representing an adjusted EBITDA margin of 19.7%, an improvement of 180 basis points from a year earlier.
Buyer Spend Growth: Spend per buyer was $296 in Q3, representing year-over-year growth of 9%.
Take Rate Improvement: Take rate for Q3 was 33.9%, representing a year-over-year improvement of 260 basis points.
Free Cash Flow Analysis: Free cash flow was $10.6 million, with free cash flow excluding one-time escrow payment for contingent consideration at $22.7 million, representing 22.8% of revenue.
Negative
Q3 Revenue Performance: Revenue for the third quarter was $99.6 million, representing an acceleration from 6% year-over-year growth in Q2, indicating a slowdown in growth momentum.
Adjusted EBITDA Improvement: Adjusted EBITDA for Q3 was $19.7 million, reflecting a margin of 19.7%, which is a modest improvement of 180 basis points from a year earlier, suggesting limited profitability expansion.
SMB Market Sentiment Weakness: The overall SMB sentiment remains weak, indicating ongoing challenges in the market despite some stabilization in trends since June and July.
Active Buyer Decline: The active buyer growth was muted, with a decline in the number of active buyers, which could impact future revenue generation.
Challenging Hiring Environment: The hiring environment continues to be challenging, with a noted decline in professional staffing, which may hinder operational capacity and growth.
Fiverr International Ltd. (FVRR) Q3 2024 Earnings Call Transcript
FVRR.N
0%